For those in the US, particularly on the ‘Left’ who mistakenly argued that the invasion of Iraq was a ‘War for Oil’ (rather than a war in support of Israeli hegemonic ambitions), Iraq’s signing of a $3 billion dollar oil contract with the China National Petroleum Corporation in late August 2008 (Financial Times August 28, 2008) demonstrates the contrary, unless one wishes to revise the slogan to ‘US War for Chinese Oil’. In the 6 years since the US invaded Iraq, US oil companies have still failed to secure major oil deals.
At least, that's Petras' take.
I personally have not decided yet whether it was for oil or for Israel. The Chinese contract for oil is relatively small compared to what could be obtained from the region.
It may be that the oil industrialists merely had an alignment with the Zionists for a while. The reason we may not have attacked Iran already could lie in the fact that there is a feud between the zionist factions and the oil barons. After all, Drudge Report (even today) has a headline discussing the US deliberately avoiding giving Israel bombs.
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