For Whom the Oil Flows in Iraq

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The major benefactors from the US led war in Iraq turns out to be the oil service companies, such as Haliburton, and 3 other major service providers based in Texas. According to a spokesperson from a Russian company that won a bid for access to a large oil field, the intent of the US was to bring more oil to the market in order to keep oil prices from rising. The US used to be able to do that on its own when it was a major source of oil. It could open and shut the oil valve to adjust prices. It looks like Iraq is targeted to play that role as it ramps up production substantially.