What do you think will happen to OPEC when ISIS takes control of all Iraqi oil. Noe that I said when, not if. Obama is going to let it hapen
Obama won’t get to decide.
In my opinion, that isn’t going to happen. The push back against ISIS has been limited due to the limited amount oil produced in the area they control.
If they were actually capable of taking the major production areas in Iraq, the Saudi’s and Iran would fight for real.