Probably one of the least reported news items happened today, that Iraq was putting 40 billion barrels of oil reserves up for bid on the market out of London today. This is the largest sale in history, the next largest being 4 billion barrels when the Soviet Union fell and shattered.
The major setback to this deal, is it's not clear who in Iraq has the authority to approve the sale, and if the current government should fall, all previous contracts could be declared null and void. But all of the major oil companies will submit bids, along with China's national oil company, and a couple of other governments disguised as business concerns. It still hasn't been determined if Iraq will be asked to help pay for the war we are waging for them, or what kind of thank you's we will receive. I guess the thought of them going forward as a strong democracy is enough for us.
Recently, in a speech in South Carolina, Cindy McCain stepped up to the microphone and said that the day that Barack Obama didn't vote for a bill to fund the troops, it sent a cold shiver down her spine. John Stewart of the Daily Show replied that it would have to be a very cold shiver in order she would feel it. She also invited Mr. Obama to trade places and be in her shoes for a day. Hey, I'd trade places for a day, but only if I could have full access to Cindy McCain's millions. Guess what John? Suddenly, 10 of your houses and 12 of your cars would be sold, the profits going to homeless shelters across the country, supporting gay right groups, advocating medical marijuana, and investing in solar panels for the residents of Arizona, to help lower their utility bills and have the companies pay them for electricity generated...
See, there are changes that can begin right at home. Thanks, Cindy.
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