Things are getting frantic in Iraq, if you're looking at it from the White House's point of view.
The Iraq government, (working for the U.S.) is ready to push through a new oil law, (drafted by the the U.S.), that will give ownership sharing of Iraq's oil to the big 4 oil producers. Unprecedented in the industry. A virtual theft of the countries resource. And I thought Bartcop was a crazy conspiracy theorist.
They will have a contract to lock in double high normal profits for 30 years. They will get 75% of oil profits for the first years, undefined in length. A major theft of the best oil reserve and the cheapest to extract, the most profitable oil in the world.
The dream, the vision, the life's work of Dick Cheney. Well, at least since 1999.
But the plan can't go ahead right away, even when the new law passes. The big oil guys won't come in until there is security for their investments.
Enter operation surge.