This past Independence Day, a mostly overlooked news story was China becoming the largest benefactor of American blood and treasure spent in Iraq (~5,000 soldier deaths and $1.9 trillion) -- as China is now Iraq's #1 oil customer (purchasing ~50% of Iraqi oil with expectations that this will increase).But this story line isn't limited to Iraq, as China is now also the #1 oil customer of many oil exporting countries in the Persian Gulf -- benefiting...