Many experts are saying that a more stable future for embattled Iraq may be the silver lining to the current record high oil prices. Because, these experts say, the country's growing oil revenues will yield benefits to enhance Iraq's future. Improvements such as: improving Iraq's economy, diminishing support for the insurgency, providing more money to develop Iraq's security forces, and creating a greater willing for other nations to invest in Iraq.
Despite many uncertainties in Iraq, high oil prices seem to be a significant boom for Iraq, which could provide the country with unprecedented economy leverage which can, in turn, enhance Iraq's stability.
Jimmy's Prophetic Prospective on the News
High oil prices worldwide are helping to set the stage for the rebuilding of war-torn Iraq, which is a perquisite for the fulfillment of Bible prophecy.
Though the average consumer complains of high prices each and every time he pulls up to the pump, there is a great benefit coming to Iraq out of this. With the ever-increasing demand for oil, and the continuing rise in the price of oil, Iraq's oil revenues are increasing, which provides the much needed economic gain to rebuild their nation.
These new funds will rebuild a nation from battlefields to a seat of great authority - as it once was some 2,500 years ago when the capital of the Babylonian and Grecian empires were located in this region. The ancient prophet Daniel predicted the major Gentile world powers in advance, and a super world leader known as the Antichrist, who will come to power to rule the world, (Daniel 7). In Revelation 18 it is predicted that the Antichrist will set up a political, economic, governmental headquarters in Iraq at Babylon. This Antichrist will control the economies of the world from Babylon until it is destroyed, (Revelation 16:17-20).