The Saudi Abassador to Britain recently said that the US was after Iraqi Oil. This guy was the former head of Saudi Intelligence and a reason that Al Qaeda received financing from Saudi Arabia. He also called Yasser Arafat a living martyr. There are a lot of reasons for importing Oil from Iraq. One major reason being that it reduces our dependence on the SOBs from Saudi Arabia and will put money in the hands of the new Iraqi government.
You can file this under "Just in case you were wondering..."
Here, according to the Department of Energy, is where America gets it's oil (monthly supply - data from February 2004)...In February of 2004, over 357,539,000 barrels of oil and oil products were imported into the United States. We produce about half of what we use.
The Largest (Import) Suppliers of Oil were:
Saudi Arabia 11%
While the Iraq volume might seem to be quite large, I must point out that we used to purchase more petroleum products from Russia...who bought the barrels from Saddam. The more oil that we PURCHASE from Iraq, the less we will have to spend on Saudia Arabia and others. OPEC will try to curtail that, of course, but, if we get the Iraqi government to form a citizen owned oil authority (like Kuwait), the Iraqis will benefit greatly (schools, food, living conditions, etc.).
This is a short-term solution to our oil woes as the real culprit to oil prices is that the demand for oil in China and India is growing. The US will need to produce more and more of it's own oil in order to keep it's prices down. Otherwise, world demand will continue to dictate the price of a gallon of gas.
Actual barrels are shown by country in the Extended Section.
Total Oil and Oil Products Imported for February 2004 (thousands of barrels):
Arab OPEC 71,795
Saudi Arabia 39,440
Other OPEC 79,431
Non OPEC 206,313
China, People's Republic of 1,347
Congo (Brazzaville) 361
Congo (Kinshasa)(d) 350
Ivory Coast 302
Netherlands Antilles 4,425
Trinidad and Tobago 3,571
United Kingdom 11,146
Virgin Islands, U.S. 8,083