Tapping Iraq’s Oil

Through five-plus years of fighting in Iraq, oil has been the elephant in the war room. The country’s vast and underexplored oil resources typically take a backseat to more pressing security questions, but in any broad analysis of Iraq’s long-term prospects, talk of crude output is never far away. Oil is Iraq’s economic motor and the key to meaningful reconstruction in the country, many experts say. Even discounting conspiracy theories that the United States invaded Iraq for its oil, increased Iraqi oil output would also be an unequivocally good thing for Washington.

By CFR, USA.

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