EIN News says, "Iraq Province Says Foreign Gas Firms Are Unwelcome. Authorities in a western Iraqi province rejected the results of this week's government-organized gas auction, which allowed a pair of foreign companies to develop a big deposit on its territory. (yahoo.com)".
This confirms what I said a few days ago, which was that there was very little participation in the bidding because potential bidders did not trust the Iraqi government.
I maintain my more important point from this lesson, which is that the US must reestablish trust in government by its citizenry. We should do that by simplifying verbiage in our laws, not quibbling about details or establishing exceptions, reducing the size of government, and having government involved only in those matters for which government is needed.
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