Iraq's Impact on Oil Prices

Iraq has the most potential to quickly increase their oil production, they are already exporting as much as Iran. The question is one of politics. The Iraqi political system is full of small parties that are all jockeying for position and are having issues making major decisions, such as about oil and the use of foreign firms that have the expertise to increase oil. There is also the issue of whom can sign contracts, such as in Kurdistan as well as who controls Kirkut. Iraq has made huge improvements in stability over the last 18 months, the question is if they can get their government more efficient. Elections have been delayed, which is not helping the political stability.