(Washington, D.C., June 4, 2012) -- In April, I noted the nation we know today as the Republic of Iraq -- known variously in Scripture as Babel, Babylon, Babylonia, Mesopotamia and Shinar -- will emerge as the global center of wealth, power and terrible evil in the End Times, according to Bible prophecy. In Revelation 18, for example, we learn that Babylon will rise to become the most wealthy place on the face of the planet, and develop into an existential threat to Israel and the Jewish people, and then face divine judgment during the Tribulation.
Many cynics and critics over the years have dismissed such Bible prophecies. But those who are wise should be watching for Iraq to: 1) begin rebuilding its offensive military capability; 2) begin rebuilding its economy; 3) continue rebuilding the actual ancient city of Babylon. As I explained in April, all three of these trends are actually currently underway.
Now a fascinating story in the Sunday New York Times provides fresh evidence that Iraq is poised for explosive economic growth. The article indicates that:
1) Iraqi oil production has surged from less than 2 million barrels a day in 2003-2004 to nearly 2.5 million barrels a day;
2) Next year, Iraqi officials believe they will be producing nearly 3 million barrels of oil per day;
3) In the next five years -- by 2017 -- Iraqi officials project they will be producing upwards of 10 million barrels of oil a day, which if true would put Babylon on par with Saudi Arabia as one of the world's oil giants.
In a world of high and rising oil prices, this means Iraq could actually become a global economic superpower by the end of the decade, which would be stunningly consistent with Bible prophecy. These are trends worth watching.