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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (184382)	6/19/2014 7:04:57 AM
From: Dennis Roth	8 Recommendations Recommended By Ed Ajootian evestor isopatch LoneClone quehubo and 3 more members Read Replies (2) \| Respond to of 206151

Energy Weekly: Turmoil In Iraq May Have Long-Lasting Impact 17 June 2014 ¦ 13 pages ir.citi.com Iraqi Supply Growth Critical For Current and Future Oil Balances. Russia-Ukraine Flares Again As Gas Flows Are Cut ‘Turmoil in Iraq is likely to impact global energy markets now and for years to come’, worries Commodities* analyst Seth Kleinman,* ‘for Saudi Arabia has an effective monopoly on global spare capacity... but given that the market has never seen Saudi Arabia hold production over 10m b/d, a combination of scepticism and caution seems warranted... plus the renewed calls to sanction Russia are further bolstering the bulls and explain the jump in prices and volatility... also, Iraq’s significance may grow with time; the IEA’s 2013 Medium Term Oil Market Outlook forecast had Iraq accounting for 48% and 46% of the growth in global oil production from 2012 to 2020 and 2025, respectively... through to 2035 the IEA forecasts Iraq to continue to account for just under half of the whole world’s oil production growth... the 2.8m b/d forecast of growth in Iraqi production will require a secure investment climate’.