“Iraq may hold twice as much oil”
Yippee! What does this all mean to the US, that’s the question I like to have the answer for. Will it benefit our economy or just Iraq’s? After all, it is precious American blood that is daily spilled to make sure that it (the oil) keeps on flowing.
As long as we don’t run from Iraq, which will split it into terrorist splinter states, American companies will work and exploit the oil-fields, this of course will benefit America. Iraq could become a reliable oil-supplier to us. Way better than Venezuela or Saudi Arabia.
It also raises the strategic value of Iraq. If we can stabilize Iraq (which would become more likely with huge oil reserves in Sunni areas) the wealth will make Iraq indeed a compartively advanced Arab state.