We need less tension in the Middle East. If US pulled out Iraq, there will be trouble for the Iraqi govt as it is not well quipped to deal with theOriginally posted by Paradise Lost:All we need is one more rumor that threatens to limit the world oil supply and oil will definitely hit the $100 target, sooner or later.
Saudi Arabia is the largest oil producing state, followed by Iran. Iraq should be around 8th or 9th in terms of oil producing capability among the OPEC-12.Originally posted by will4:We need less tension in the Middle East. If US pulled out Iraq, there will be trouble for the Iraqi govt as it is not well quipped to deal with the
insurgency. Iraq if not wrong is the second largest oil producing country.