What is the sign of a successful and stable country? Money.
http://www.worldtribune.com/worldtribune/WTARC/2007/me_oil_07_18.asp
Why is this important? Because throughout history, it has been demonstrated that economic prosperity brings stability to a nation. If Iraq is able to utilize its oil economy, it will be able to pull itself out of instability and into prosperity.
The report found that Iraq's oil reserves may be almost twice as much as previously estimated. The study by the U.S. consultancy IHS said another 100 billion barrels of oil reserves could be found in Iraq. IHS said the estimate would rank Iraq as having the second largest reserves in the world, following Saudi Arabia. Currently, Iran has the second largest oil reserves in the world.
Iraq needs stability. Our main goal in that rebuilding effort is to create a stable democracy to be an example to all of the other Middle-Eastern Islamic nations. Prosperity is the key to stability. When people begin to make money in a society, when they begin to derive a benefit from that society, they are more contented, and consequently they are more stable. That is why it is so important for Iraq to become prosperous.
The consultancy said Iraqi oil production could also increase from two million to four million barrels per day. The new estimate was based on exploration in Iraq's western desert near the border with Jordan. So far, Iraq has reported one commercial discovery in the region.
So Iraq has a ton of oil, and we have only developed a minuscule amount of that resource. If we want to create stability in Iraq, we should allow oil companies to come to Iraq and begin to develop the oil fields. We should rebuild their society, by first rebuilding their economy.
Until we learn that you must build Iraq's society before a stable government can be attained, our strategy is useless. Oil is the key to Iraq economy, the economy is the key to Iraq's stability, hence oil is the key to Iraqi stability.
