Turns Out, The War On Iraq Really WAS About The Oil

And you'll never guess who got it.

In Iraq Oil Deal, Tony Hayward And Nat Rothschild Are Now Partners With Sinopec

9/07/2011 @ 1:33PM

Fascinating news today on the continuing professional rehabilitation of Tony Hayward, the former ceo of BP. Hayward had recently joined up with pal Nathaniel Rothschild to launch the $2 billion IPO of investment vehicle Vallares. Today came the announcement of their first foray — the acquisition of Turkish oil company Genel Energy, a subsidary of Cukurova Holdings, owned by billionaire Mehmet Emin Karamehmet, the richest man in Turkey ($4 billion net worth at Forbes’ last reckoning). To fund the deal Vallares will issue $2 billion of new stock. Hayward will be chief executive.

[link to www.forbes.com]