Tuesday, August 12, 2008

The Good Neigbor Policy: Arab Style

You come from a dirt poor country ravaged by years of war and terror. You have little remaining infrastructure and a tenuous supply of water. Your country needs all the help it can get. But the one thing you do have is oil, the blessing and the curse. Your country, Iraq, sits on the world’s third largest oil reserves.

With the price of oil being well over $100 a Barrel for the foreseeable future now is the time for you to cash in, right? So what does Iraq do? They cut a deal to sell neighboring Jordan discounted oil at $22 a Barrel!!!!!

Can someone explain this to me? What sense does that make? What is Jordan giving them in return?

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