Saddam has a tactic to burn the oil before it gets taken over, he did this in Kuwait before.
But this is not about the oil, it is about the relationship between the US and Iraq and Iraq's weapons of mass destruction. That is the whole reason why the UN is having Weapon Inspectors inspect Iraq, but Iraq is not cooperating with them, like they got something to hide.
I do not think that we will have a war unless the UN sides with us, or Iraq strikes first. If Iraq attacks Turkey, the UN will most likely send us and other troops into Turkey to stop Iraq and we would have to push them back into Iraq. The US cannot afford a full invasion due to our budget and deficit problems. We would have to have help from the UN or maybe a few countries before we could invade Iraq or go to war with them.
Plus there is a terrorist side to it, Saddam was paying the families of the suciide bombers $35,000USD for their relatives doing the suicide bombings. How connected to terrorist networks is Iraq?