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@Bursche: Just because USA's efforts with Iraq went horribly wrong, that doesn't mean that American companies won't profit from USA being there. Using the oil price as "proof" that USA didn't benefit from that doesn't make any sense. Please clarify if you mean something else.

By the way, here are the approximate oil reserve sizes:

Venezuela: 80-100 billion barrels
Iraq: 80-110 billion barrels

Iraq is only topped by Iran and Saudi Arabia (and Canada if you count non-conventional oil). Does your argument still seem valid after seeing this data?

 



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