I said earlier, before I saw the Minyanville post, that the president was throwing Iraq under the bus. I guess I'm not the only one who has said that.
Regardless, for investors, an opportunity.
By year-end, all US military personnel will be out of Iraq, and the newly formed Iraqi security forces will be tasked with keeping the peace, protecting the oil fields, and repelling attacks from enemies of the state.It's rare for business analysts to be so direct when discussing events in the political arena, although I'm starting to see a bit more, although it is still rare.
This marks the conclusion of US military presence in Iraq since 2003. It also serves as a rather unpopular topic of political discussion, especially given the election year that's fast approaching.
But, then again, war is never a popular topic to stump on during an election year.
Should civil war or an incursion happen before November 4, 2012, then the blood spilled, the hundreds of billions of dollars spent, and the forfeiture of oil reparations to pay for the war will paint this seemingly clever political maneuver as selfish and foolish.
That's the risk a president takes, however, when he doesn't listen to the military tactics of his generals.
This type of political posturing is just one of the reasons it would behoove America greatly to rapidly expand its domestic onshore energy policy.
It looks like Maliki is history unless he allies himself with Iran.