Deficient productive capacity has not yet caused an oil crisis, but that does not mean it never will. Significant increases in world oil demand will have to be met primarily from Persian Gulf supplies. This is a region with a history of wars, illegal occupations, soups, revolutions, sabotage, terrorism, and oil embargoes. To these possibilities may be added growing Islamist movements with various antipathies to the West. If oil production were constrained, oil prices could rise abruptly along with adverse world economic repercussions. If the IEA and EIA are correct on the demand side, deficient world oil productive capacity could cause an oil crisis within 15 years and political disruptions in Saudi Arabia could cause one sooner. However, if the increases in world oil demand were more moderate, and there is long-term relative peace in the Middle East, with increasing foreign participation in upstream oil activities, a business as usual world oil demand and supply situation would be a likely scenario for much of the next century.

This report discusses the government of Iraq and its active role in stimulating and directing the Iraqi economy.This report identifies issues to be addressed before Iraq can participate normally in the world economy.

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This report provides detailed trade information and statistics on Iraq’s trade with the world from 2001 to 2003, highlighting its major trading partners. Data on U.S. trade with Iraq from 2002 to 2004 are also provided.

This report describes the influence military conflict and international sanctions have had on agriculture in relation to Iraq's economy. This includes the 1980-88 Iran-Iraq War, the 1991 Gulf War, and 2003 Iraq War, the varying degrees of government effort to promote and/or control agricultural production, and the response to 1990 U.N. Sanctions.