At Iraqi Oil and Gas Auction, Bargaining Is Contentious - NYTimes.com
BAGHDAD — The Iraqi government stumbled once again on Tuesday in its frequently delayed effort to award development rights to its most valuable oil fields. In a public auction it largely failed to attract the lucrative offers it sought from dozens of international oil companies invited to the bidding. Full Story »
Posted by Judy Plapinger
Maybe the media should be covering stories like this instead of Michael Jackson. This is kind of a bizarre situation. Five years ago, the oil companies were falling all over themselves to get the oil in Iraq. Today? No one's touching it.