east. >> in the summer of 2000, iraqi leader saddam hussein and his state-run oil company control about 10% of the world's oil reserves. >> experts say saddam has terrific leverage now because with demand for oil high and u.s. supplies at a 24-year low, the 2 million barrels of oil a day iraq produces matter. >> my big sphere that saddam hussein is going to take the advantage of this tight market to cut oil production and that could send prices up much higher. >> god bless you all. and god bless america. >> on the campaign trail, bush and cheney zero in on saddam's control of vital oil sources as a potential threat to america's security. >> on the clinton/gore watch, saddam hussein's iraq has become a major supplier of oil to america. this means that one of our worst enemies is gain more and more control over our country's economic future. >> i think if we look for something that could develop,