Thursday, June 19, 2014

The "Fall" of Iraq , gas prices soar.

Oh well we warned you it was going
to happen . Alas!
History is going to repeat it's self vary soon , the city of Baghdad is going to fall into the hands of the so called rebels mistakenly called ISIL . The United States is going to sit idle on this one with no objectives thanks to the policy of not working with Iran .President Barack Obama said Thursday he was sending up to ***300 military advisers to Iraq to help the embattled government hold off a lightning advance from the north by Sunni militants.  With no troops on the ground , no possible air-strikes , America is slowly going to let the government of  (1). al-Maliki for worsening Iraq's deep sectarian divide by failing to include Sunni and Kurdish interests in his policies , Obama also made clear that he blamed al-Maliki. What's REALLY going on is most of the Iraqi military has been defecting to the side of ISIL. Mr. Obama, speaking at a White House news conference after meeting for several hours with his national security team, has been grappling with a U.S. response to advances by the Islamic State of Iraq and al-Sham, or ISIL, in Iraq. Amazing that with 5,000  American crack troops al-Baghdadi has shown how the use of military intervention in US foreign policy is a rather ineffective blunt instrument. And let's not even talk about all the blood and treasure sacrificed by our nation. MEANWHILE When things go down in the Middle East, oil prices go up. ,Americans are getting hit in the wallet with more pain at the pump. As Iraqi government forces battle Sunni rebels for control of the country's biggest refinery, gasoline prices have hit their highest for this time of the year since 2008. June is typically when prices ease up. So what gives? Oil and Iraq. Brent crude hit a nine-month high near $115 a barrel on concerns heavy fighting in Iraq could limit oil supply from OPEC's second-biggest producer. Gasoline averaged $3.69 a gallon on Wednesday, the highest for the day in six years. Prices were at $3.68 a gallon Thursday. If that's not enough, two senators have unveiled a bipartisan plan to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress' struggle to pay for highway and transit programs. Traders are bracing for more volatility in markets asfighting in Iraq intensifies, with the recent rise in crude oil prices posing risks to the strong rally in U.S. stocks. Any case the blame of the Mess lies with the United States , and now worse And, according to current and former U.S. officials, the administration of President Barack Obama indirectly facilitated the mayhem. "Top State Department officials long argued that the civil war in Syria was the root cause of ISIS's rise because it gave them a haven in which to operate and recruit," Adam Entous and Julian Barnes of The Wall Street Journal reportAll appears lost in Iraq, as a Muslim army descends on Baghdad, decapitating both police and soldiers.  Drudge reports that the roads are strewn with decapitated bodies.  For all our efforts in Iraq, training and equipping their army, helping them organize democratic elections, we come down to a big fat zero in the end.  The extremists are taking over, enforcing barbaric Sharia law, and doing so rather easily, it seems.  The Iraqi military is falling like a house of cards in a strong wind.  Iraq is just another falling brick in the collapse of the Obama presidency.


 *** George Washington warned Congress in his farewell speech to not get involved in foreign entanglements for this very reason. We owe Iraq nothing , were not even getting a drop of oil either. (1).Saddam was keeping the Sunni v Shiite cluster in check pretty well. We undid Saddam. Which unleashed the cluster bomb. Some regions need tyrants. Not democracy brought to you by Rumsfeld, Condi Rice, et al. (2) .Iraq produced 1.2 million barrels of oil/day under Saddam. Last month, thanks to American technology from companies like Halliburton, Iraq was producing 3 million BOPD. Without American know how Iraq will be lucky to hold Saddam's 1.2 million BOPD. The successful large scale suppression of domestic oil development and pipelines has been in all the newspapers for 5 decades: ANWR (40 miles east of Prudhoe Bay, America's largest oil field, on same artic plain): 1-3 million BOPD.Need to be allowed to drill a few test wells. Other North Slope out of bounds areas could contribute moreRocky Mountain thrust belt from border to border - Huge area, significant reserves were being developed in the '70's. As ANWR most of it now off limits. Offshore East Coast: Canadian offshore development has come down to almost the border. Need seis & test wells. Offshore West Coast: Tremendous undeveloped potential Shale Oil's 2.5 million BOPD The list is longer, but you get my drift.

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