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>Additionally, the US produces enough domestic oil that it makes no sense to go after conflict oil even if that was a thing. This was a post-Bush II, Hillary C
by omegaworks 8y ago
>Additionally, the US produces enough domestic oil that it makes no sense to go after conflict oil even if that was a thing.
This was a post-Bush II, Hillary Clinton-driven innovation[1]. She helped popularize the practice of hydraulic fracturing (fracking) that has unlocked previously inaccessible domestic oil supplies. Before then, oil prices were virtually dictated by OPEC. Bush II's foreign policy was informed by this fact, and the ongoing war in Iraq he started opened their resources up to western multinational oil corporations[2]. Under Saddam, the oil in Iraq was extracted by a company that had been nationalized in 1961[3].
1. https://www.motherjones.com/politics/2014/09/hillary-clinton-fracking-shale-state-department-chevron/1171/ https://www.motherjones.com/politics/2014/09/hillary-clinton...
2. http://www.iraq-businessnews.com/list-of-international-oil-companies-in-iraq/ http://www.iraq-businessnews.com/list-of-international-oil-c...
3. https://en.wikipedia.org/wiki/Petroleum_industry_in_Iraq#History https://en.wikipedia.org/wiki/Petroleum_industry_in_Iraq#His...