Dems Point to Chinese Oil Grab, Ignore Their Own
Published by Steve Kretzmann May 12th, 2007 in African Oil, Iraq, Oil
It turns out the Democrats latest War Supplemental does contain language that takes on the oil industry - only its Sudan they’re concerned about, not Iraq.
According to UPI, a provision in the Bill “mandates that the Secretary of the Treasury, in coordination with the Securities and Exchange Commission and in consultation with the departments of State and Energy, prepare a written report “containing the names of companies which either directly or through a parent or subsidiary company, including partly owned subsidiaries, are known to conduct significant business operations in Sudan relating to natural resource extraction, including oil-related activities and mining of minerals.”
Mind you, this is a good idea. But does anyone else think its ironic that in Sudan, where Chinese companies control 2/3 of the oil (the rest is pumped by the French, Indians, and Malaysians), Democrats get a backbone? Meanwhile in Iraq, they are so far unwilling to remove language that endorses the controversial Iraqi Oil Law benchmark…

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