Sunday, July 11, 2010

Beyond Parasites

clipped from

Was there a direct connection between springing a terrorist and BP getting an extremely cozy oil drilling deal in Libya? Bret Stephens of the WSJ has a jaw-dropping report that suggests the oil giant profited immensely from the release of Abdel Baset al-Megrahi, the Lockerbie bomber.

Yesterday, the chairman of Libya's National Oil Co. told Zawya Dow Jones that he would urge Libya's sovereign wealth fund to buy a strategic stake in the troubled oil giant. That follows news that Libya will allow BP to begin deepwater drilling next month off Libya's coast as part of a $900 million exploration deal initially agreed upon in 2007.