Watching Government: Iraq again

Eleven years after Iraq invaded Kuwait, Saddam Hussein continues to complicate world oil markets and governments."Iraq's regime still represents a danger and a threat not only to Kuwait but also to the states of the entire region,'' Kuwait's foreign minister, Sheikh Sabah al-Ahmad al-Sabah, told Al-Qabas newspaper.The White House says it may consider a major air strike if Iraq continues to take aim at US forces patrolling the region. If an air strike does occur, the immediate impacts on energy prices may be muted, because the oil market is oversupplied by about 2-3 million b/d.More worriesHowever, most analysts agree that, if the problem in Iraq becomes more serious, i.e.,...

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