A surprisingly harsh article on the war and occupation, from, of all sources, UPI:
...What happened to the vast oil production bonanza that was going to flow from Iraq? It hasn't happened and quite possibly never will. No one doubts the oil is there. But what the war planners and energy strategists never factored into their considerations was that, far from welcoming the U.S. Army and Marines as their liberators, the Iraqis -- Sunni and Shiite alike -- might resent any continued U.S. military occupation and very quickly make it too hot to handle, which is exactly what has happened....
So far, no significant amounts of Iraqi oil have been produced for world markets since the war ended. Therefore Iraqi oil exports, which were running at 2.6 million to 2.8 million barrels per day before the war began in March, have now further dropped.
The complete failure of two successive U.S. administrators in Baghdad to restore security, order and basic services to Iraq is a major reason why this has not happened.
...the supposed "macro-economic" benefit of "liberating" Iraqi oil for the world market not only has not happened, precisely the opposite has occurred. Iraq is now in far-worse position to export either crude or refined oil to the world markets. As a result, the continuing effect of the war has been to strengthen the market position of the three leading global producers, Saudi Arabia, Russia and Iran, while keeping global energy prices relatively high and thereby adding a further burden to the U.S. annual balance of trade deficit, already by far the largest of any country in world history.
And even if Iraqi oil finally starts to flow under optimum conditions, the total amount of revenue realistically projected from it would do no more than balance the already horrendous costs of the U.S. occupation....
This is billed as the first of a seven-part series. Here's part 7; I'm still looking for parts 2-6.