The New York Times leads with word that four big Western oil companies are on the verge of signing no-bid contracts with Iraq. The contracts would take Shell, Exxon Mobil, Total, and BP, who were the original partners in the Iraq Petroleum Company, back to Iraq 36 years after Saddam Hussein kicked them out....Iraq is widely seen as one of the few countries in the world where oil production could expand by a significant amount in a short period of time, and more than 40 companies from around the world wanted in on the action. But Iraq's Oil Ministry decided to award no-bid contracts, which, as the NYT points out, "are unusual for the industry." ...under a clause in the draft contracts, the companies would be allowed to "match bids from competing companies to retain the work once it is opened to bidding."
Lest we forget what Calvin Coolidge reminded us some time ago, the bidness of Amerika is bidness, even when it's a cozy little no-bid bidness deal involving the takeover of the U.S. government. Now, back to Citizen McCain's campaign contributions from ExxonMobil.
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