Iraq may only export a small ammount of oil at the moment but that's due to badly managed wells.
In fact, over half of the worlds remaining oil (which experts estimate there is only about ten years left of under current usage) is under Iraq.
If Saddam was to remain in power it would be an estimated six years before he had a strangle hold on the worlds economies.
The US uses nearly 50% of the worlds oil.
Make up your own minds on this one