Most importantly, a successful invasion would allow the United States to increase the amount of Iraq's oil production to the world supply. The administration has observed that regime change will add an extra "3 million to 5 million barrels per day of production to the world supply." The boost in supply would decrease worldwide oil prices. That's good news for the economies of all oil-consuming countries - United States, Europe, Japan and countless other developing countries - which are currently beholden to Iraq's, oil production. Over the long haul, U.S. technology could be utilized to build up Iraq's oil producing and exporting infrastructure, further reducing worldwide oil costs and finally allowing oil-consuming countries to deal with OPEC from a position of strength.
Over the next year, war will mean some heavy expenditures. But certainly not enough to make the U.S. economy run out of gas. Thereafter, the boost in cheap oil supplies to the world market will increase the economies of all oil-consuming nations while removing one of the real threats - Saddam's terrorism.
Armstrong Williams
Armstrong Williams is a widely-syndicated columnist, CEO of the Graham Williams Group, and hosts the Armstrong Williams Show. He is the author of
Reawakening Virtues.
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