Trump Burning Bridges In Iraq Over Take The Oil Comments – Yahoo Finance
The old expression, to the victor belong the spoilsyou remember. I always used to say, keep the oil. I wasnt a fan of Iraq. I didnt want to go into Iraq. But I will tell you, when we were in, we got out wrongwe should have kept the oil.
Those were President Trumps comments at the CIA the day after his inauguration in January. President Donald Trump has repeatedly said that the U.S. should have taken Iraqs oil, an argument that he revisited as recently as last week. Weve spent $6 trillionin the Middle East, President Trump said during a meeting with airline executives at the White House on February 9. Weve got nothing. Weve got nothing. We never even kept a small, even a tiny oil well. Not one little oil well. I said, Keep the oil.
The notion that the U.S. military should have taken Iraqs oil, it should be said at the outset, is flatly illegal. "What Trump seems to be advocating here would be a fundamental violation of international law embodied in numerous international agreements and in recognized principles of customary international law," Anthony Clark Arend, a Georgetown University professor of government and foreign service, told PolitiFact last year.
It would also stretch the imagination to envision how such a strategy would play out in reality. Iraqs oil sector is made up of a mix of state-owned interests and private ones. Most of the investment going into Iraqs enormous southern oil fields come from international companies, such as BP, ExxonMobil, Royal Dutch Shell, Statoil, CNPC and Lukoil. Kurdish oil fields in the north are also run mostly by international companies. It is not clear what taking the oil really looks like.
Ive always thought that was beyond stupid. In other words, I dont even know what it means, John McLaughlin, former Deputy Director of the CIA under the Clinton and Bush administrations, told the New Yorker Radio Hour last week. Try and operationalize that. Does that mean sending troops to surround oil wells while you pump it out, then transport it out of the country? Or does it mean something else? I have no idea what hes talking about. So I assume it wont happen. So Im not worried about it.
On top of that, taking Iraqs oil, however that played out, would be a political nightmare. While some might dismiss the comments as just talk, even the suggestion of taking Iraqs oil is already having a negative effect. The comments, combined with the travel ban that the Trump administration ordered on seven majority-Muslim countries in the Middle East, including Iraq, has sparked a backlash against the U.S. in Iraq.
The Iraqi public and Iraqi members of parliament are pressuring Prime Minister Haider al-Abadi to scale back its cooperation with the U.S. government and military, which could jeopardize the long-term presence of American troops in Iraq. This is potentially an enormous and underreported development given that it is a top priority of the U.S. government to fight ISIS in Iraq and Syria. In fact, U.S. troops have been cooperating with Iraqi forces for months on a major campaign to retake Mosul, a mission that is set to ramp up again in the near future to take the western portion of the city.
"Trump embarrassed al-Abadi," Saad al-Mutalabi, a lawmaker and ally of former Prime Minister Nouri al-Maliki, told the AP. "There will be a general consensus that Americans should not stay in Iraq after Mosul, after the statements and the executive order from Trump," he said. "We believed that we had a strategic agreement with the U.S."
A narrowing of the U.S. presence in Iraq would serve to benefit Iran, dealing another blow to the Trump administration. And speaking of Iran, Shiite militias inside Iraq told the AP that they would target U.S. interests if the U.S. went after Iran, their benefactor.
President Trumps reckless comments about taking Iraqs oil, in other words, are undermining multiple U.S. strategic goals all at once. In the minds of a lot of Iraqis, they also confirm the worst: that the 2003 U.S. invasion was all about access to Iraqs oil, something top American officials have always denied.
The stakes are high, with Iraq fighting a war against ISIS while trying to revive its oil sector. Oil revenues account for 93 percent of Iraqs revenue, and the country is struggling under the weight of an expensive war and low oil prices. Iraq needs its oil to rebuild, and any effort to squeeze the government by the U.S. would be counterproductive to Iraqs well-being, to say the least. President Trumps shoot from the hip style has earned him some degree of domestic support, but he is in the process of needlessly burning bridges with some of the countries that he will need the most.
By Nick Cunningham of Oilprice.com
More Top Reads From Oilprice.com:
See the original post here:
Trump Burning Bridges In Iraq Over Take The Oil Comments - Yahoo Finance
- The Real Military History Behind the New Iraq War Film 'Warfare' - Military.com - April 1st, 2025 [April 1st, 2025]
- One Photo from Abu Ghraib Lost the Iraq War. Kristi Noem Continues the Tradition - Rolling Stone - April 1st, 2025 [April 1st, 2025]
- Iraq agrees to supply Lebanon with fuel for six months - Reuters - April 1st, 2025 [April 1st, 2025]
- Iran Joins Russia, Mexico, Venezuela, Ukraine, North Korea, Belarus, Myanmar, and Iraq as US Issues New Do Not Travel Alert: What You Need to Know -... - April 1st, 2025 [April 1st, 2025]
- Activation of TIR system in Iraq to boost connectivity and trade across Central Asia, Middle East and Europe - UNECE - April 1st, 2025 [April 1st, 2025]
- Crafting Warfare: Inside the intense, star-studded film about an Iraq War battle and the Navy SEALs who lived it - Entertainment Weekly - April 1st, 2025 [April 1st, 2025]
- UN-Habitat and the Government of Japan Expand Efforts to Support Returnees in Northern Iraq [EN/AR] - ReliefWeb - April 1st, 2025 [April 1st, 2025]
- Iraq joins TIR transit system - Heavy Lift & Project Forwarding International - April 1st, 2025 [April 1st, 2025]
- Trkiyes Development Road Project advances toward Iraq and Syria - Trkiye Today - April 1st, 2025 [April 1st, 2025]
- Iraq Officially Announces Sunday as First Day of Eid Al Fitr - Morocco World News - April 1st, 2025 [April 1st, 2025]
- Iraq agrees to supply Lebanon with fuel for six months - The New Arab - April 1st, 2025 [April 1st, 2025]
- Iran committed to implementing agreements with Iraq - - April 1st, 2025 [April 1st, 2025]
- The Iraq War lasted nearly 9 years, claiming the lives of almost 4,500 Americans. Hampton Roads ships, planes and troops played important roles. -... - April 1st, 2025 [April 1st, 2025]
- PM: Iraq rejects the threats facing the Islamic Republic of Iran - ina.iq - April 1st, 2025 [April 1st, 2025]
- Palestine keep hopes of first World Cup alive with dramatic Iraq turnaround - Al Jazeera - April 1st, 2025 [April 1st, 2025]
- Hakim ccalls for Iraq's exemption from sanctions on Iranian gas and electricity imports - Tehran Times - April 1st, 2025 [April 1st, 2025]
- 'I know what I'm doing next fall': Disabled Iraq veteran in Star honored with big game hunting tags - KIVI-TV - April 1st, 2025 [April 1st, 2025]
- Iranian Ambassador To Iraq, Mohammad Kazem Al-Sadegh: If Trump Is Willing To Return To Nuclear Talks We Are Prepared To Do So Following The P5+1... - April 1st, 2025 [April 1st, 2025]
- KFC expands in Iraq with tenth location in Baghdad - Iraqi News - April 1st, 2025 [April 1st, 2025]
- Boosting ties with Iraq help counter enemy plots: Pezeshkian - Tabnak - April 1st, 2025 [April 1st, 2025]
- Iran's MOIS-Linked APT34 Spies on Allies Iraq & Yemen - Dark Reading - March 28th, 2025 [March 28th, 2025]
- Warfare Review: Alex Garlands Iraq War Film Is Full Of Bombastic Aestheticism That Leaves You Feeling Empty - Deadline - March 28th, 2025 [March 28th, 2025]
- Warfare Review: Ray Mendoza and Alex Garlands Harrowing Retelling of an Iraq War Mission - slantmagazine - March 28th, 2025 [March 28th, 2025]
- Alex Garland and Ray Mendozas brutal Iraq film Warfare offers only violence to its detriment - The Independent - March 28th, 2025 [March 28th, 2025]
- Kurds ponder future in Turkey, Syria and Iraq with guarded optimism - South China Morning Post - March 28th, 2025 [March 28th, 2025]
- Will Iran derail the Development Road set to run through Iraq? - Amwaj.media - March 28th, 2025 [March 28th, 2025]
- Warfare Review: Alex Garland and Ray Mendozas Hyper-Intense Iraq War Simulator Is Realistic to a Fault - IndieWire - March 28th, 2025 [March 28th, 2025]
- Iraqi Tribal Leader Adnan Al-Danbous: The Arabs and Muslims Invaded Iraq and Drove Out the Chaldeans, Babylonians, Jews, and Christians Who Used to... - March 28th, 2025 [March 28th, 2025]
- On This Night in 2003, the Fifth Night of the Iraq War, We Won the Oscar. - Michael Moore | Substack - March 28th, 2025 [March 28th, 2025]
- ICRC: water, life and the fight against climate impacts in Iraq - Red Cross Red Crescent Climate Centre - March 28th, 2025 [March 28th, 2025]
- Iraq war veteran brings battlefield to big screen with 'Warfare' film - KEYE TV CBS Austin - March 28th, 2025 [March 28th, 2025]
- After Serving Together for 4 Years in Iraq, Dog and Army Handler Are Reunited to Live the Couch Life in Texas - Good News Network - March 28th, 2025 [March 28th, 2025]
- Iraq in Talks Over Floating Gas Terminals to Bridge Power Gap - Bloomberg - March 28th, 2025 [March 28th, 2025]
- Iraq religious gathering falsely portrayed as pro-Duterte rally - Yahoo - March 28th, 2025 [March 28th, 2025]
- Vets Who Fought in Iraq Honored on 22nd Anniversary of Invasion - Movieguide - March 28th, 2025 [March 28th, 2025]
- Iraq discusses Al-Faw Grand Ports operation with KBR - Iraqi News - March 28th, 2025 [March 28th, 2025]
- After 45 years, will the Kurdish-Turkish conflict in Iraq come to an end? - Ynetnews - March 28th, 2025 [March 28th, 2025]
- TIR goes live in Iraq in breakthrough for Middle East trade and development - IRU - March 28th, 2025 [March 28th, 2025]
- Iraq seizes more than one tonne of captagon pills shipped from Syria - Reuters - March 18th, 2025 [March 18th, 2025]
- Iraq Joins India, Brazil, Turkey, Australia, Kenya, Sri Lanka in Replacing Visa on Arrival and Making Electronic Visa the New Norm of Travel - Travel... - March 18th, 2025 [March 18th, 2025]
- Iraq Is Building a $17 Billion Trade Corridor to Bypass the Suez Canal - The Wall Street Journal - March 18th, 2025 [March 18th, 2025]
- CENTCOM Forces Kill ISIS Chief of Global Operations Who Also Served as ISIS #2 On March 13, U.S. Central Command forces, in cooperation with Iraqi... - March 18th, 2025 [March 18th, 2025]
- The Kurdification of Northern Iraq (Assyria) | Opinion - Newsweek - March 18th, 2025 [March 18th, 2025]
- ISIS' chief of global operations killed in precision airstrike in Iraq: CENTCOM - ABC News - March 18th, 2025 [March 18th, 2025]
- Iraq Is Building a $17 Billion Trade Corridor to Bypass the Suez Canal - MSN - March 18th, 2025 [March 18th, 2025]
- Leader of ISIS in Iraq and Syria killed in military operation, Pentagon says - CBS News - March 18th, 2025 [March 18th, 2025]
- Iraq set to double electricity imports from Turkey to address shortages - The Arab Weekly - March 18th, 2025 [March 18th, 2025]
- Iraq And Turkey Strengthen Cooperation On Energy And Water - Evrim Aac - March 18th, 2025 [March 18th, 2025]
- The Invasion of Iraq and St. Patrick's Day: Picturing This Week in History March 17 23 | Photos | U.S. News - U.S. News & World Report - March 18th, 2025 [March 18th, 2025]
- 'Fugitive' leader of ISIS 'relentlessly hunted down' and killed in Iraq, Trump says - CNYcentral.com - March 18th, 2025 [March 18th, 2025]
- Whats behind the demand to divide Iraq? - Middle East Monitor - March 18th, 2025 [March 18th, 2025]
- Ooredoo Group and ITPC partner to land FIG subsea cable in Iraq - w.media - March 18th, 2025 [March 18th, 2025]
- Spreadsheets of empire: red tape goes back 4,000 years, say scientists after Iraq finds - The Guardian - March 15th, 2025 [March 15th, 2025]
- Head of the Islamic State in Iraq and Syria has been killed, Iraqi prime minister says - The Associated Press - March 15th, 2025 [March 15th, 2025]
- Putting ISIS on the ropes: Did the US dent terrorism in Iraq? - analysis - The Jerusalem Post - March 15th, 2025 [March 15th, 2025]
- Head of IS in Iraq, Syria has been killed, PM says - - March 15th, 2025 [March 15th, 2025]
- Maliki Warns of Attempts to Divide Iraq, Calls on Youth to Defend National Unity - Kurdistan24 - March 15th, 2025 [March 15th, 2025]
- 'His miserable life was terminated' says Trump after airstrike kills head of Islamic State in Iraq and Syria - Sky News - March 15th, 2025 [March 15th, 2025]
- Trump administration ends Iraq's waiver to buy Iranian electricity - Reuters - March 15th, 2025 [March 15th, 2025]
- 'Fugitive' leader of ISIS 'relentlessly hunted down' and killed in Iraq, Trump says - FOX 29 - March 15th, 2025 [March 15th, 2025]
- Trump, Aiming at Iran, Puts a Squeeze on Iraq - The Wall Street Journal - March 15th, 2025 [March 15th, 2025]
- Iraq Seeks Its First-Ever LNG Cargoes as Supply Concerns Loom - Bloomberg - March 15th, 2025 [March 15th, 2025]
- Trumps hostage envoy visited Iraq to push for release of Israeli captive sources - The Times of Israel - March 15th, 2025 [March 15th, 2025]
- Trump admin ends waiver allowing Iraq to buy Iranian electricity as part of 'maximum pressure' campaign - Fox News - March 15th, 2025 [March 15th, 2025]
- Sheffield father of Iraq soldier calls on Vance to resign - BBC.com - March 7th, 2025 [March 7th, 2025]
- Iraq veteran MP condemns JD Vance over claim Britain hasnt fought a war in 40 years - The Independent - March 7th, 2025 [March 7th, 2025]
- Iran spooked by Turkeys overtures to Kurds, rising role in Syria, Iraq - Al-Monitor - March 7th, 2025 [March 7th, 2025]
- After 2 years, Iraq claims to be searching for kidnapped researcher Elizabeth Tsurkov - Long War Journal - March 7th, 2025 [March 7th, 2025]
- New Warfare trailer reveals the true story behind the upcoming Iraq War drama - Task & Purpose - March 7th, 2025 [March 7th, 2025]
- Preserving Assyria explores the preservation of cultural heritage in post-conflict Iraq - ABC7 Los Angeles - March 7th, 2025 [March 7th, 2025]
- Iraq and the new Syria: Navigating ties in the post-Assad era - The New Arab - March 7th, 2025 [March 7th, 2025]
- Turkey Wants the PKK to DisarmBut Will It Actually Leave Iraq? - Foreign Policy In Focus - March 7th, 2025 [March 7th, 2025]
- RAF offensive operations against Daesh in Iraq and Syria continue - European Security & Defence - March 7th, 2025 [March 7th, 2025]
- Iraq in negotiations with Halliburton to develop Nahr Bin Umar oilfield - Iraqi News - March 7th, 2025 [March 7th, 2025]
- Stepped-up repatriation of IS families presents opportunities, risks for Iraq - Amwaj.media - March 7th, 2025 [March 7th, 2025]
- Iraq, foreign oil firms make conflicting statements on Kurdish exports resumption - Reuters.com - March 1st, 2025 [March 1st, 2025]
- Turkey seeks dissolution of PKK-linked groups in Syria and Iraq, following leader's peace plea - The Associated Press - March 1st, 2025 [March 1st, 2025]
- Hometown Heroes: Andy Weyker survived biggest tank battle in Iraq, succumbed to ALS - WeAreGreenBay.com - March 1st, 2025 [March 1st, 2025]
- Iraq Calls for Meeting with IOCs, KRG Ministry to Discuss Oil Contracts - Kurdistan24 - March 1st, 2025 [March 1st, 2025]
- Iraq to Announce Resumption of Kurdistan Oil Exports in the Coming Hours, Confirms Oil Minister - Kurdistan24 - March 1st, 2025 [March 1st, 2025]