Iraq

  • Can the U.S. fill the gap of potential oil losses from Iraq?

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    The new crisis in Iraq, which could soon sharply curtail shipments of Iraqi oil to Western nations, provides an excellent opportunity for President Obama to jumpstart a geat turnaround of the stagnant U.S. economy. To make up for lost Middle Eastern oil, the President could approve the Keystone XL pipeline, open more federal lands and offshore waters to oila nd gas drilling; and encourage other states to join the fracking parade. But that is not likely happen without additional pressure from the American people.