Iraqi Oil and George Soros


I’ve always respected billionaire George Soros for his sound investment strategies and his overall cool, rational demeanor when it comes to discussing markets; but this news just puts a foul stench on his pocket book:

“Last month, after years of wrangling between Kurdistan’s regional capital Erbil and Baghdad over revenues, exports finally started to flow. Foreign investors — among them Russian oligarchs, a British mercenary boss, U.S. politicians, a former diplomat, and funds controlled by the billionaire investor George Soros — who have sunk $5 billion into Kurdistan’s oil fields, hope they will finally begin to enjoy the rewards.”

via http://www.reuters.com/article/2011/03/10/us-kurdistan-oil-idUSTRE72921820110310