the US may be ‘stuck’ precisely where Bush wants us to be; It’s the oil.

Iraq is ‘unwinnable’, a ‘quagmire’, a ‘fiasco’: so goes the received opinion. But there is good reason to think that, from the Bush-Cheney perspective, it is none of these things, which is why there is no ‘exit strategy’. Iraq has 115 billion barrels of known oil reserves. That is more than five times the total in the US, and most of it is untapped

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