Iraq is flooding America with lots of oil Iraq is flooding America with lots of oil (U.S. is still importing millions of barrels from Saudi Arabia, Canada)

Iraq is flooding America with lots of oil

The U.S. more than doubled its imports of oil from Iraq between August and September, according to a Platts analysis of U.S. Energy Information Administration statistics.

The dramatic increase in Iraqi oil imports is only adding to the already-massive supply glut that has pushed down oil prices. Crude oil prices sank to a four-month low of $40.06 a barrel this week and they're down 12 percent in November alone.

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