Oops… sorry I missed Saudi as the first and Iraq as second largest reserves in the ME. It’s not much of a miss and anyone who thinks we didn’t go over there for the oil needs to have their heads checked. We obviously didn’t go for the WMDs or terrorist cells dude! Doesn’t matter what the Iraqi’s think about American’s. We never cared what they thought in the first place and now they have a large IOU to the US. They’ll have to pay up one way or another.
Oil shale became neutral cost recovery when crude prices passed $60-70 per barrel.
