Iraqi Oil to Help American Economy, Hurt America’s Enemies

By Ryan Mauro

The development of new oil fields in Iraq is about to increase global supply, drop prices, and help stabilize the war-torn country.
We’ve all heard the mantra. The U.S. economic recession is made significantly worse by the extremely high cost of Operation Iraqi Freedom, with a price tag of nearly $700 billion going into 2010. The cost of the war in Iraq has been unnecessarily and tragically high, both in lives and treasure, but if the Iraqi government has its way, the country will massively increase its oil output, bringing down the price of oil and decisively impacting global geopolitics in the West’s favor. [more...]