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Exxon Mobil's (XOM) hiring of a former U.S. ambassador to Iraq to help handle its dilemma over...
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Friday, February 8, 5:45 PM ETExxon Mobil's (XOM) hiring of a former U.S. ambassador to Iraq to help handle its dilemma over whether to operate in the south of the country or honor its deals with the autonomous Kurdistan region is viewed by some as an indication it may be willing to scale down in Kurdistan. The U.S. government fears too much energy independence could precipitate a breakup of the country.
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Perhaps people have forgotten a previous time "big oil" decided to get involved in national politics for the benefit of profits. You may recall how that turned out in Iran. In case you don't, after big oil had a popularly elected Iranian PM overthrown and the Shah of Iran installed into power, the Iranians overthrew the Shah and have never wanted anything to do with the US since. They may currently be trying to build a nuclear bomb because they don't trust the US not to invade them at some point. All for the right to get Iranian oil at prices "big oil" deemed more favorable to them in the 1950's.
Let's not try and control outcomes in other countries. Let's keep our nose out of other countries business, and just deal with the realities that exist there. The world will be far better off if we do.