Quote Originally Posted by PharmaCan
And, under your scenario, oil prices plummet. Meaning more oil has to be pumped and sold to make the same profits as now.

Google "Royal dutch shell, mr. 5% and Iraq" together. Then do your research. Then you will have a much better picture of the "why" about Iraq.

PC imp:
I read that crap, that was when oil was 5 bucks a barrel. The Oil companies would get as much out of the ground as they could and bring it here and put it back in the ground. Have you heard of storing oil in our depleted oil fields, a real safe way to ensure they have plenty to sell when it hits 5-10 bucks a gallon. They aren't going to be paying more that 10 bucks a barrel + transport and extraction costs if that much, and don't you think they will even be trying to screw the Iraqis out of as much of that as they can