Is there a reason why oil prices have doubled since USA got hold of all Iraq's oil supply?

Just how much profit is the USA making in this warIs there a reason why oil prices have doubled since USA got hold of all Iraq's oil supply?
Take a look at oil prices since the dems have taken over congress. The dems love big oil.Is there a reason why oil prices have doubled since USA got hold of all Iraq's oil supply?
Botched reconstruction, corruption and insurgent attacks has reduced Iraqi oil exports almost 50% from pre war levels. The war is estimated to have cost US taxpayers almost a trillion dollars.
Does it hurt when your knuckles drag the ground?
Actually,





The things that were supposed to stabilize the region, have had the opposite effect.





For the oil companies, they benefit because the profit margins are based on a percentage of the price of fuel, not a set constant. For them, the higher the prices the better!





There is also a thing called peak demand pricing, which is another word for gouging. When the supplies are low (or perceived to be), the oil companies will simultaneously raise prices to reflect that. Isn't that price setting? Yes. Isn't that illegal? Yes. Will they ever be accused, tried and convicted for price setting? Not unless there is a whopping piece of evidence, which is unlikely.





The American people sure are not seeing any profit! they are sacrificing military people, and other things just for the privilege to pay more at the pump.
I think it is naive to assume the war is behind everything that is ';wrong';. My reading shows an increase in demand which has triggered more price pressure. The growth of China, India, and other less developed countries has lead to more pressure on supply. Obviously we have had political and natural disaster issues on the table also, but the war is just a piece of this complex puzzle. China is in the process of instituting some type of 10% surcharge to see if they can reduce consumption.
Yes, cause they took half of Iraq's oil OFF the market. Decreased supply = higher prices.





Iraq has a sustainable output of 2.8/2.9 million bbls/day. It has decreased to about 1.4 million bbls/day, just hit a new low recently.





I think Russia is making out best as they export something like 7 mil bbls/day.
The DEMS are big oil? Crazy ... our president, a republican is an oilman - along with all his cronies.





If you have ever worked on wall st. or the commodities market, you know that there are so many things that go into price. It is really hard to say exactly what moves price - price is only fully determined when the exchange happens.





There are good books out there for answers on why prices move.





It could be me thinking oil will do well, and you thinking the end of the world will come. There are just so many things to consider to answer this questions.