Iraq has huge oil reserves and the world's cheapest lifting costs. That's why a war against Saddam could change everything.
Charting a military outcome in Iraq is dicey, and some say a bad turn of events could mean $100-a-barrel oil. But after any brief disruption, the oil-market effects of a neutralized or pro-Western successor to Saddam Hussein are unmistakably positive. Iraq sits on 120 billion barrels of proven oil reserves, second only to Saudi Arabia's 260 billion.
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# posted by madthumbs @ 10:23 AM
