Iraq invasion may be remembered as start of the age of oil scarcity

Instead of inaugurating a new age of cheap oil, the Iraq war may become known as the beginning of an era of scarcity.

Two years ago, it seemed likely that Iraq, with the world’s third-largest petroleum reserves, would become a hypercharged gusher once U.S. troops toppled Saddam Hussein. But chaos and guerrilla sabotage have slowed the flow of oil to a comparative trickle

SFGate