The costs and benefits of America's occupation of Iraq vary, according to proponents and opponents, except when it comes to oil exports. The U.S.-led invasion has resulted in the loss of an average of 2 million barrels a day of Iraqi oil from world markets. That is a significant number with huge consequences for economies around the globe.

Instead of rosy promises by the neoconservatives of the Bush administration who pushed for the invasion — partly on the premise that they would turn it into America's private gasoline-pumping station — the contrary has occurred.

Indeed, we really didn't need that excess oil… …yeah right, and it probably has nothing to do with the record price of oil right now…