that is oil coming out of the middle east?
and what effect does this have on gasoline prices? Why did Hunt oil get to sign the first contract for Iraqi oil?
Here is to a good intelligent and hopefully insult free discussion with lots of facts.Does the american invasion/occupation of Iraq help increase or decrease oil supply?
In the first two years of the invasion it decreased Iraq's oil production by a million barrels a day, driving market prices through the roof and not so coincidentally in those two years oil companies like Exxon/Mobile had record breaking profits of historical proportions.Does the american invasion/occupation of Iraq help increase or decrease oil supply?
Yes , american invasion/occupation help both for example: in Chicago, IL - one week is increase and one week is decrease oil supply.
Niether. It hasn't made any difference at all.
I think that remains to be seen.
If all goes well, the Dallas oil company, with its close White House ties, acquires an early foothold in an important oil patch.
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