The relationship between Iraq and the US is in danger of collapse. That can’t happen.
It would a tragic shame if it ended. For Iraqis, the American presence is hugely beneficial as a counterweight to Iran and ISIS. Americans are also helpful with Iraqi internal politics—especially in regard to sectarian divisions in the security forces
Don’t Count Out U.S. Oil Production as a Market-Shaper
Total U.S. production from all sources will remain the worlds largest no matter how low prices go, leaving Washington (and Texas) with considerable room to help domestic companies and press Riyadh and Moscow on stabilizing prices.
Averting Economic Disaster Is the Easy Part
Based on Chinas experience with COVID-19, the fiscal cost of comprehensive compensation for lost income could reach 10% of annual GDP, and as much as 25% of GDP in the US and Europe if the epidemic turns out to be worse there, which now looks likely. Thes