Correct-o-mundo. But there are complications such as: who'll control the flow of oil in the aftermath? It should be us (given the sacrifice) where it'll remain a market commodity rather than a ransom held over the world's head--it is an 'earth' commodity afterall (Greenies of the world, UNTIE!).
Arabs didn't invent it, they just happened to pitch their tents above it. If they're incapable of entering into a market economy, then yes, back to the stone-age for them. Next!
Which brings up another point. Our government needs to drop the farce & pretense this is about liberating Iraq and installing Democracy. Even my 78 year old dad who votes GOP straight ticket with a Bush/Cheney sticker on his vehicle says this war is all about OIL. All it's doing now is making people angrier about it.