Raising Iraqi Oil

To boost its oil production, Iraq is turning to help from very old friends– international oil companies.

Iraq is poised to become one of the largest oil producers in the world, introducing billions of barrels of oil onto the global energy scene. As a new law regulating its oil industry sits stalled in Parliament, Iraq’s oil minister is starting talks with representatives of international oil companies. Living on Earth’s host Bruce Gellerman talks with geopolitical analyst Peter Ziehan of the online magazine Stratfor about how and when Iraqi oil will surface. (5:00)