Word: crockers
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...barrel, you can bet you could hear a pin drop in the room. But what exactly was he talking about? Iraqi Shi'a militias invading Kuwait and Saudi Arabia, burning their oil fields, driving the price of gasoline up to $10 a gallon and us into a depression? Crocker wouldn't elaborate on his vague warnings, preferring to leave it at a sense of dread...
...Crocker wasn't all bad news. He said that if we were to stabilize Iraq, and attract investors to the oil sector, Iraq could become the largest producer in the world, surpassing Saudi Arabia. Crocker didn't put it in terms this baldly, but he might as well have said: We keep an army in Iraq, and we go back to the days of cheap oil. Anyone can afford to drive an SUV if they want...
...Crocker assured Congress that we are making progress. The Iraqi government retook the port of Basra that week, Iraq's main export terminal. And now that the government is in full control of Iraq's oil infrastructure things will get better...
...What Crocker didn't talk about was Iran - and its plans for Iraq's oil. Months before retaking Basra, the Iraqi government started talks with Iran about running an oil pipeline to Abadan, Iran's main export terminal. Iran also has said that it will have a say in Iraq's mega field Majnun, which may contain 30 billion barrels of oil - a rival to Saudi Arabia's larger field. I suspect, though, if he'd been asked about Iran, Crocker would have said it is simply one more reason we should stay in Iraq, to keep Iran...
...Crocker could be right. We have no idea what is on the mind of the populist Shi'ite cleric Moqtada al-Sadr. If Sadr were allowed control of the Basra oil terminal, would he shut down Iraq's oil exports? Shell Kuwaiti fields...