China Is Buying Up Iraqi Oil, and That's OK

China Is Buying Up Iraqi Oil, and That's OK

Looking in isolation just at the growing Chinese stake in Iraqi oil and putting aside for a moment the symbolic power of that trend, it’s worth remembering that the global energy supply is not exactly a zero-sum game. And things that help China don’t necessarily hurt the U.S. Despite the broader narrative of a post-war Iraq that’s far from a reliable American ally (which is true), there are some real silver linings for the U.S. to this story.

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