[TheSpottedOwl]

Wait a minute, I thought the Iraqi liberation was all about the oil we were going to steal!

Shouldn't America be rolling in ill gotten oil?

[Paleo Conservative]

Shouldn't America be rolling in ill gotten oil?

Only after several years of investments in Iraqi oil fields. The embargoes worked. The Iraqis put very little capital investment in maintining their oil fields. They damaged many of their reservoirs by producing them too quickly. The real advantage to overthrowing Saddam is that a freer (hopefully) and more democratic Iraqi government is more likely to want to produce more oil than OPEC will want them to.