Iraq is expected to contribute almost half of increased world oil production between now and...

Iraq is expected to contribute almost half of increased world oil production between now and 2035, says the IEA. and the country would leap over Iran and Venezuela to sit behind Saudi Arabia as the second most influential member of OPEC. Of late though, the country has been missing production targets thanks to insecurity and a lack of infrastructure. That's where U.S. oil service firms come in.

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Comments (4)
  • wigit5
    , contributor
    Comments (4365) | Send Message
    I wonder if the oil companies will be hiring private security firms to protect their oil fields....


    sounds like vets might have a solid round of jobs if so.
    9 Oct 2012, 02:48 PM Reply Like
  • Tricky
    , contributor
    Comments (2526) | Send Message
    "That's where U.S. oil service firms come in".


    Well, yeah. That was the whole point of the 2nd Iraq war. Cheney's ex-firm had a subsidiary (KBR) making huge bucks war profiteering, then the core business hopes to feast on rebuilding.


    Brilliant strategy, as long as you are part of the military-industrial establishment in a position to pull it off.
    9 Oct 2012, 02:53 PM Reply Like
  • bande
    , contributor
    Comment (1) | Send Message
    You might find it interesting to know that Eisenhower planned on referring to the "military-industrial-c... complex" in his farewell address, but was dissuaded by aides who were concerned about offending Congress.
    9 Oct 2012, 04:34 PM Reply Like
  • BlueOkie
    , contributor
    Comments (10646) | Send Message
    Forget the middle east, drill baby drill here!
    9 Oct 2012, 03:06 PM Reply Like
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