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Politics : The Obama - Clinton Disaster

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To: pompsander who wrote (11922)4/28/2009 7:41:45 AM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Iraq's oil production in big trouble....

(Reserves also most likely greatly OVER-stated... OPEC members lied about reserves to get and keep larger quotas within the cartel. There is not any reduction in declared 'reserves' to account for normal depletion of the fields... it is a game of 'liar's poker'. <g>)

Political agreement over division of oil income remains illusive... resources law not close to being passed.

Iraq now rated as one of the most CORRUPTION RIDDEN nations on Earth (on close par with Burma)....
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Iraqi Oil: Black Gold or Black Hole?

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by: Nawar Alsaadi April 26, 2009 | about stocks: E / OIL / RDS.A / TOT / USO / XOM

seekingalpha.com
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