>>http://www.energy-daily.com/reports/China_hails_three-billion-dollar_oil_deal_with_Iraq_999.html
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>Is there some reason China or Iraq should not be doing this? Sounds like a straight up business deal to me. It's no secret China needs lots of energy as its economy explodes.

The article's subtitle "Bush/US screwed again by Iran-friendly Iraq gubmint / ChiComms deal" gets to the heart of the matter.