Re: OT: British Army Chief calls for Iraq withdrawal


Jim Yanik wrote:
"Daniel Mandic" <daniel_mandic@xxxxxx> wrote in
news:45303762$0$26622$91cee783@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx:

.. . .

(Third or fourth greatest oil-reserve.)

Questionable. see recent US oil discoveries in the Gulf of Mexico.

Iraq is sometimes listed as having the second largest reserves and
sometimes listed as having the third, if you ignore Canada's tar sands.
However, Iraq is the least explored of the oil-rich countries, so no
one knows for sure. In fact, Iraq might actually have the world's
largest oil reserves, exceeding Saudi Arabia's, which are estimated at
~260 billion barrels. Here's a quote:

". . .since Iraq is the least explored of the oil-rich countries, there
have been numerous claims of huge undiscovered reserves there as
well-oil thought to exist, and expected to become economically
recoverable-to the tune of hundreds of billions of barrels. The
respected Petroleum Economist Magazine estimates that there may be as
many as 200 bbl of oil in Iraq; the Federation of American Scientists
estimates 215 bbl; a study by the Council on Foreign Relations and the
James A. Baker III Institute at Rice University claimed that Iraq has
220 bbl of undiscovered oil; and another study by the Center for Global
Energy Studies and Petrolog & Associates offered an even more
optimistic estimate of 300 bbl-a number that would give Iraq reserves
greater even than those of Saudi Arabia. In a Guardian interview before
the war, Taha Hmud Moussa, Saddam's deputy oil minister, said that all
of Iraq's oil reserves "will exceed 300bbl when all Iraq's regions are
explored."

If true, this would mean that Iraq has roughly a quarter of all of the
world's oil. These assessments have been repeatedly cited in news
articles, conferences, think tank briefings, congressional testimonies,
and academic works because they raise the prospect that America's
energy security could significantly improve if Iraq were able to
challenge Saudi Arabia's position as the world's preeminent oil
producer."
http://www.brookings.edu/views/op-ed/fellows/luft20030512.htm

According to a recent news article, the recent discoveries in the Gulf
of Mexico only amount to somewhere between 3 billion and 15 billion
barrels of oil. Even if it was 15 billion, it would probably only move
the U.S. up one slot from number 11 on the list to number 10.

http://www.msnbc.msn.com/id/14678206/
http://www.mapsofworld.com/world-top-ten/world-top-ten-oil-reserves-countries-map.html
http://www.infoplease.com/ipa/A0872964.html

.

Relevant Pages

  • The Bush Agenda: Invading the World, One Economy at a Time
    ... The Bush Agenda: Invading the World, ... leave Iraq's economy and oil reserves largely in the hands of ... Antonia Juhasz, visiting scholar at the Institute for Policy ... the Bush administration's goals in Iraq since the invasion. ...
    (alt.gathering.rainbow)
  • Looting By Another Name:The Corporate Takeover of Iraqs Economy
    ... Iraq are long and deep. ... democracies on oil supplies from the Middle East" and promised military ... But, according to a book by Antonia Juhasz, "The Bush Agenda," it was ... Iraq becoming the policy of the United States and naturally following ...
    (soc.culture.cuba)
  • Wojna jest zdrowiem =?UTF-8?B?cGHFhHN0d2E=?=
    ... Why the U.S. Must Stay in Iraq ... dollars of Iraqi oil. ... Regardless of how much "window dressing" America puts on the Iraq situation, ... other nations know that the United States is the real government of Iraq. ...
    (soc.culture.polish)
  • Greenspan Spills the Beans on Bush and Oil.
    ... Bush and Vice President Dick Cheney sent our young men and women into ... Iraq, the secret is now "largely" out. ... war of aggression-largely for oil. ...
    (soc.culture.cuba)
  • Re: Defense secretary warns against fighting more ground wars
    ... to take out Syria and then Iran. ... We've done Iraq and Vietnam. ... Iraq decides to nationalize their oil again. ... Proven oil reserves in the US are about 21 billion bbl. ...
    (soc.retirement)