It would be an understatement to say there are some unanswered questions lingering around the war in Iraq. For example: where are those weapons of mass destruction? Where is Saddam Hussein? But perhaps the biggest uncertainty lies with the issue of oil.
During the pre-war, protest days, “No Blood for Oil” was the mantra of many. But now that the war is essentially over, the question of what will become of Iraq’s black gold is more appropriate. There’s no doubt that oil is central to Iraq’s economic future and political stability. But it’s also vitally important to the global economy.
Meanwhile, the United Nations continues to debate what countries will control Iraqi oil revenues, and for how long. Looking at the future of oil in Iraq with energy expert Daniel Yergin.
Guests:
Daniel Yergin, renowned economist, energy expert, and Chairman of the Cambridge Energy Research Associates. Mr. Yergin also received the Pultizer Prize for General Nonfiction for his work, The Prize: The Epic Quest for Oil, Money and Power. His most recent book is The Commanding Heights: The Battle for the World Economy
Greg Barrow, the BBC’s UN correspondent.