Rumsfeld and Oil
Donald Rumsfeld called suggestions that the US is really after Iraq's oil "utter nonsense."
"We don't take our forces and go around the world and try to take other people's real estate or other people's resources, their oil. That's just not what the United States does," he said. "We never have, and we never will. That's not how democracies behave."
Nonsense aside, the sands of Iraq hold oil... lots of it. According to the US Energy Information Administration (EIA), "Iraq holds more than 112 billion barrels of oil - the world's second largest proven reserves. Iraq also contains 110 trillion cubic feet of natural gas, and is a focal point for regional and international security issues."
Iraq's Oil Reserves: Untapped Potential
While its proven oil reserves of 112 billion barrels ranks Iraq second in the work behind Saudi Arabia, EIA estimates that up to 90-percent of the county remains unexplored due to years of wars and sanctions. Unexplored regions of Iraq could yield an additional 100 billion barrels. Iraq's oil production costs are among the lowest in the world. However, only about 2,000 wells have been drilled in Iraq, compared to about 1 million wells in Texas alone.