Chappy, I think your logic is off. In my opinion, the phrase "the iraqi oil belongs to the iraqi people" means more that it didn't belong in the hands of a military dictator instead of private individuals. Rather than state ownership over the means of production, we're more likely to see oil fields eventually sold off to private individuals/companies. This is a society that has not enjoyed capitalism such as their neighbor Kuwait has. There should be no reason why Iraq shouldn't live as well as they do. But they haven't, ever. Even before economic sanctions, Iraq's standard of living was pathetic as compared to its oil rich neighbors.

The Bush Doctrine is fairly anti-socialism. American style economics are mostlikely what will be tried out in Iraq. In fact, socialism and middle eastern culture are not that cohesive and would most likely break down rather quickly, replaced (coup) with another military dictator. Bush will probably extend Clinton's enlargement plan and make Iraq a democracy, probably in the federal model with Kurdistan as an autonomous zone.

Whether federalism or capitalism will be all that successful in Iraq is questionable. It will be an interesting experiment to say the least. Our hegemonic presence in the form of pax americanas follows a similar path as other hegemonies.... through our dominance, we'll find peace. Hopefully we'll be more successful than previous hegemonies.