Iraq will not become another Syria, says government, as car bombs kill 34.  While all the headlines in Western media are about Egypt, and the oil markets fear a glut of WTI, the price is relentlessly creeping higher.  Exxon said they wanted to sell some of their Iraq oil concession to the Chinese.  Can you blame them?  Iraq looks less stable than Egypt.

The ports in Libya are  shut.  Iran is on pace to develop a nuclear weapon and Israel has made it clear that they won’t tolerate that.  We better be finding lots of oil in the U.S because the Mid East looks more volatile and dangerous than at any time since Sadam Hussein marched into Kuwait.

 

By Kareem Raheem

BAGHDAD | Thu Aug 15, 2013 1:46pm EDT

(Reuters) – Car bomb attacks killed at least 34 people in Baghdad on Thursday but the Interior Ministry said it would not allow al Qaeda, which it blames for a surge in sectarian violence, to turn Iraq into another Syria.

via Iraq will not become another Syria, says government, as car bombs kill 34 | Reuters.