Oil Could Up the Ante in Iraq

(Map from Fox News)

So it is believed that Iraq might have more oil than we initially thought.

http://www.worldtribune.com/worldtribune/WTARC/2007/me_oil_07_18.asp

This could certainly up the ante and importance of Iraq. Do we want terrorists to seize a nation with such a valuable resource? They could use the oil to bribe other countries. This could threaten the global economy. They could also use profits from selling oil to purchase weapons of mass destruction.

At the same time, this information could compel Iran to interfere more with Iraq. Iran doesn't want a stable, democratic Iraq next door to compete in the oil business. Currently, Saudi Arabia has the largest oil reserves in the world, following by Iran.


If Iraq has as much oil as they estimate in this article, Iraq would take the number two spot and bump Iran to third. Iran's oil won't be as important to the world and their regional power could be diminished.

Let's keep a close eye on this revelation. It could affect the War In Iraq.