It's all about Oil baby, all about OIL

If nothing else, we are learning something new about Erbil and the American "oil-rush" there as the writer below says. Probably, French and UK interests are also involved as the latest elsewhere says both nations along with the USA are now assisting the Kurdish peshmerga.

Worth a read and filing to the OIL docket.

Steve Coll writing in NewYorker:
...To the defense of Erbil: this was the main cause that drew President Obama back to combat in Iraq last week, two and a half years after he fulfilled a campaign pledge and pulled the last troops out.

After Mazar-i-Sharif, Nasiriyah, Kandahar, Mosul, Benghazi, and a score of other sites of American military intervention—cities whose names would have stumped most American “Jeopardy!” contestants before 2001—we come now to Erbil. One can forgive the isolationist: Where?

Erbil has an ancient history, but, in political-economic terms, the city is best understood these days as a Kurdish sort of Deadwood, as depicted in David Milch’s HBO series about a gold-rush town whose antihero, Al Swearengen, conjures up a local government to create a veneer of legitimacy for statehood, all to advance his rackets. Erbil is an oil-rush town where the local powers that be similarly manipulate their ambiguous sovereignty for financial gain—their own, and that of any pioneer wild and wily enough to invest money without having it stolen.

Erbil is the capital of the oil-endowed Kurdish Regional Government, in northern Iraq. There the United States built political alliances and equipped Kurdish peshmerga militias long before the Bush Administration’s invasion of Iraq, in 2003. Since 2003, it has been the most stable place in an unstable country. But last week, well-armed guerrillas loyal to the Islamic State in Iraq and al-Sham, or ISIS, threatened Erbil’s outskirts, forcing Obama’s momentous choice. (The President also ordered air operations to deliver humanitarian aid to tens of thousands of Yazidis and other non-Muslim minorities stranded on remote Mount Sinjar. A secure Kurdistan could provide sanctuary for those survivors.)........

...........ExxonMobil and Chevron are among the many oil and gas firms large and small drilling in Kurdistan under contracts that compensate the companies for their political risk-taking with unusually favorable terms. (Chevron said last week that it is pulling some expatriates out of Kurdistan; ExxonMobil declined to comment.) With those oil giants have come the usual contractors, the oilfield service companies, the accountants, the construction firms, the trucking firms, and, at the bottom of the economic chain, diverse entrepreneurs digging for a score........