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So Big Oil is finally going to get some payback for its tireless efforts promoting that disastrous invasion of The Iraq! Megan and I are sooooo happy for them. The "unusual" no-bid contracts about to be awarded to Exxon, BP, Shell, Total and Chevron reunite all the original partners in the Iraq Petroleum Company that held a monopoly on Iraqi oil exploration until 1961 when some communist decided that wasn't "fair" to the Iraqi people and nationalized oil, which is incidentally what the Republicans are accusing the Democrats of trying to do over here. Newt Gingrich was on Fox this morning telling everyone America needs to "Declare Energy Independence" on July 4 this year but like this apparently Robert Palmer inspired propaganda poster points out we're probably going to have to figure out how to detox somehow, which would be one thing if we had some sort of growing employment sector to withstand the rising prices, like the South Koreans who are busy making all the ships out there looking for oil. That and Obama says no thanks to a nationalized campaign, some Bear Stearns guys get arrested and Larry Sinclair is insane with me and Megan after the jump. More »
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