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Afghanistan signs ‘$7 bn’ oil deal with China

Afghanistan on Wednesday signed an oil deal with China which could earn the war-torn country $7 billion over 25 years. Afghanistan’s first major oil exploration contract will see state-owned China National Petroleum Corporation develop three oil fields in the relatively peaceful north of the country along the Amu Darya river. Under the deal, signed in Kabul by Afghan mining…

Is John McCain Capable Of Being Correct?

Although much attention has been paid to John McCain’s manufacturing a new surge timeline in Iraq, let us not forget that he’s also manufacturing the psychology of the oil market. Bush recently lifted the executive order banning offshore drilling that his father put in place in 1990. He also asked…

Grow Up, Greenies

Let’s make a deal – we’ll “grow up” and consider the need to drill every bit of oil we can when you grow up and consider the need to be less dependent on oil. Democrats are going to have to grow up. The oil-rich areas they want to leave untouched…

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