US Pulls Out of Iraq, BP Heads In

The US began pulling troops out of Iraq yesterday. Today Iraq held its first oil and gas field auction. The field up for grabs was for the biggest field al-Rumaila, which presently produces 950,000 barrels per day and has 17.8 billion barrels in crude reserves. The giant UK company BP won the auction and will increase its output production to 2,850,000 barrels per day.

Saddam Hussein's removal was supposed to open the flood gates for Iraq's oil potential, and that potential was finally realized today.

The fact that the oil fields were opened for auction one day after the US began its troop pull-out further solidifies my belief that the war in Iraq was for oil. Period.