Thursday, November 13, 2008


The Big Prize of Iraqi Oil

You’ll hardly find anyone now who still denies that America attacked Iraq in the hopes of taking over its oil. After all, Iraq is indisputably one of the last places on the planet where so-called “easy oil” is still available. If you are looking for lots of high-quality and relatively easy-to-drill oil to power your economy, and especially your modern military, Iraq is definitely going to be on your shopping list. Here is a nice review of the Iraq oil situation.

Unfortunately, increasing competition for this high-quality easy oil is setting the stage for escalating geopolitical conflict, and it’s my prediction that, if the Iraqi people have not already realized their oil is a curse, they will in the future.

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