Iraq's Oil Reserves

Since the Iraq war began, there have been claims from some quarters that the real US objective was oil. Iraq's reserves reportedly are the world’s fourth largest, after Saudi Arabia, Canada and Iran. But Iraq's oil is located only in the Shiite South and the Kurdish North, leaving Sunnis out of the picture. In his speech on the latest troop buildup, President Bush said Iraq's parliament should pass "legislation to share oil revenues among all Iraqis." But skeptics claim the real motive is to give foreign oil companies the biggest share of the pie.