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With Iraqi oil exports almost +20% this year to 2.5M bpd, the country, along with Libya and...

  • Sunday, June 3, 2012, 4:16 AM ET
    With Iraqi oil exports almost +20% this year to 2.5M bpd, the country, along with Libya and Saudi Arabia, should help prevent price spikes from the sanctions-induced drop in supply from Iran. Iraq wants to raise output to 10M bpd by 2017, but experts are skeptical, especially given problems that include corruption, bureaucracy, neglect and tensions with Kurdistan.
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This news story has 3 comments:

  •  
    US crude oil production is up 600 thousand barrels per day compared to a year ago, significantly more than the increase of Iraqi oil.

    Lack of transportation is now the limiting factor.
    3 Jun 2012, 11:34 AM Reply Like
  •  
    Europe should benefit from these developments with lower energy costs.
    3 Jun 2012, 11:58 AM Reply Like
  •  
    Time to consider a small buy of Dinars... I've been buying since they first printed.. Got 10 million at around $ 550/mill and when China builds more refineries and they take all the Kurdish region oil.. Woopa
    3 Jun 2012, 09:58 PM Reply Like
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