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How will the US "be better", in the sense of your crisis statement, after an Iraqi war? We won't get their oil unless we buy it. Even if US troops march down the streets of Bhagdad we won't get to keep any of their oil.
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Oh come on! It will be defacto ownership with the US playing the part of the highly paid 'Milker' and Iraq the 'Cow'. What's more, once the US is in control of production, it simply turns up the taps - which reduces world oil prices...