The War In Iraq: The Iraqi Oil Industry

* With ongoing fighting within Iraq and a relatively new government there is a substantial risk that the government may decide to expropriate the land and nationalize oil production.

Currently Saudi Arabia is one of the leading producers of oil in the world. However, it is losing its foothold on the market. Many countries, like North America, are increasing their oil production and are looking for ways to become less dependent on foreign oil. The increased competition has caused oil prices to decrease. By producing their own oil, countries not only will increase their revenues, but will also reduce their need to rely on foreign oil. By reducing their need foreign an oil a country does not have to worry that their oil supply will be cut off if they go to war.

When one thinks of Iraq war, the two key players are perceived to be George W. Bush and Saddam Hussein. As leaders of the opposing sides, they are also perceived as the decision makers. In the individual and sub group levels of analysis, toppling of the Hussein’s regime in Iraq was a success. This success

It can produce 10 million barrels on average each day. Thus, it is a good idea to choose Russia (Workman, 2016). In this 3 months, we also can improve our technology to increase yield of crude oil. This is very helpful after we get back our oil platform. Because we must increase yield of crude oil to make up for the loss. In addition, we spent 5 million dollars to Mexican drug cartel mercenaries. We also should gain these 5 million dollars with high yield of crude oil. Thus, this 3 months, we not only should find a good manufacture of crude oil, but also should improve our technology so that we can make profits after we get back our oil

The Middle East is one of the birthplaces of human kind’s civilization. Since the Ancient Egypt, Sumer, the Arab Empire, Turkey Empire, or even to present day, the Middle East has always been a valuable strategic point for not only because of its geographic location but also it full of petroleum and nature gas. According the OPEC (Organization of the Petroleum Exporting Countries) that 66% of the global oil reserves are in the Middle East and only 6% in North America, this makes a lot of powerful countries want to share a pieces of the Middle East, Stephen mentions “Much of the world 's oil wealth exists along the Persian Gulf, with particularly large reserves in Saudi Arabia, Kuwait

ExxonMobil is identified as one of the world’s leading oil and gas businesses. It manages market commodities and means countrywide. ExxonMobil is entail in “marketing, gas, and oil exploration, transportation and production in roughly 200 nations” (ExxonMobil, 2015). This company furnishes assistance and products under label names such as “Mobil, Esso, and Exxon. ExxonMobil is known as one of the biggest oil industrial installation where a substance is refined in the nation” (ExxonMobil, 2015). This essay discusses ExxonMobil’s strategic initiative from

Two-thirds of the world’s remaining oil reserves are in the Middle East which will make international policy imperative in the future (Campbell 2007). It is

The 2003 Invasion of Iraq not only signalled the beginning of the Iraq War, but also demonstrated the power and unchallenged military dominance of the United States. Unlike the first Gulf War, many of the US public, media and officials criticized the Bush Administration’s decision to invade Iraq by questioning the legality and the evidence used to justify the war. These arguments as to whether the Bush Administration was justified in its use of hard power to invade Iraq are diverse and disputed among many historians. The opinions of several historians including Pollack, Mearsheimer and Siilberman, in conjunction with the primary accounts of US president George W. Bush and Iraqi President Saddam Hussein create a conflicting and questionable

“Every 10% drop in prices of oil adds 0.1% to the US economy, and the sooner the Iraqis start pumping, the faster the plunge in per-barrel prices. A quick war that ends with a new oil minister in place by the end of the year would bump up Iraq's production to 4 million barrels per day by 2006 from a current 2 million, collapsing prices into the low teens“ (Lynn J Cook 1).

to maintain a primary economic tie to the Middle East region’s foremost commodity, oil. The U.S. should remain at least a nominal consumer of Middle Eastern oil, while maintaining the capacity to be energy independent in times of crisis, in order to retain economic influence in the Middle East region.

Talisman should clear out how the shares after oil discovery will be divided, since that they are not sure of finding oil or not, there might be some conflicts after the oil discovery, simply because oil is demanded all over the world, so the Iraqi government might change it's mind and decide to get its share of the profit.

As described by Diamond, one of the major problems facing Iraq at the time was the lack of a national security. After the war, the state of Iraq had collapsed along with social order. The national security was weakened, making the people in Iraq feel unsafe. The lack of national security is very harmful to a country, especially in terms of economics growth. When the people do not feel safe, they do not feel compelled to spend or invest much. He describes that social capital, such as trust and cooperation, was missing from the Iraqi people which left the economy stagnant.

After the gulf wars, a ceasefire was negotiated between the United Nations coalition and Iraq. During the ceasefire, the United Nations became aware that Iraq had started a biological warfare program in the 1980s, as well as a chemical warfare program. Upon further investigation, they found that these programs had not continued after the war. As a result, the United States main focus moving forward was the removal of the Saddam regime, their official foreign policy for years to come focused on this goal. With the suspicions that Saddam Hussein had the abilities to acquire weapons of mass destruction, the Bush administration going as far as to claim he already had them, the United States and other countries began devising a plan of action. These countries strongly believed that Iraq was a treat to its neighbors and the rest of the world, and that the only solution was to invade Iraq. The United States invading Iraq in 2003 was a turning point in the reason why relationship between Iraq and the United States is the way it is today.

The essay will start with the problem on the grounds of security, including direct security of the region through the process to disarm Saddam Hussein’s regime of its alleged weapons of mass destruction, and the intention to promote stability in the region through the faith in of democracy to engender the peace and the conditions for development and notion that democracy would spread across borders. The organization for the security of American oil resources will be looked at. As each of these objectives are discussed, I will evaluate their successes and failures, which will then be summarised and put together in order to determine in which ways America was prosperous in Iraq, and in what ways the US-led war failed to meet its targets as well

In order to fully interpret the nation of Iraq’s holistic condition during and after the Saddam Era, Social, Political, and Economic factors must be weighed accordingly and in contrast to each other. In order to do this, the span of years leading up to 1989, and