> American oil companies are the ones who extract the oil. No, they aren't. US companies comprise a fraction of the oil companies extracting oil in Iraq.[1] Mo

> American oil companies are the ones who extract the oil. No, they aren't. US companies comprise a fraction of the oil companies extracting oil in Iraq.[1] Moreover, for the American companies operating in Iraq, Iraqi oil supplies < 2% of their worldwide production. [1] http://en.wikipedia.org/wiki/Petroleum_industry_in_Iraq#Service_Contracts_Licensing_Results http://en.wikipedia.org/wiki/Petroleum_industry_in_Iraq#Serv... [2] http://www.fool.com/investing/general/2014/06/25/are-these-western-oil-majors-operating-in-iraq-at.aspx http://www.fool.com/investing/general/2014/06/25/are-these-w...