Keep your eyes on the Oil
Iraqi Prime Minister declared a state of emergency in Basra. This is no small development since Basra is Iraq's black-gold mine.
Basra, whose oil accounts for virtually all of Iraq's state revenues, is a major prize for all parties.The winner takes all and the US aims to win by any means necessary.
[Iraqi Prime Minister Nuri al-Maliki,] who is heading a delegation to Basra to restore security, has vowed to crack down with an "iron fist" on gangs threatening security in the city.Keep your eyes on the oil because that's where the greenback stops.
[He] will on Wednesday declare a state of emergency for a month in oil-rich Basra which is in the grip of a power struggle between Shi'ite factions[.]
Maliki said he would order his security services to come up with an urgent plan to restore security in Iraq's second city.