SocraticGadfly: Iraq’s oil future

July 15, 2009

Iraq’s oil future

Peak Oil expert Michael Klare takes an in-depth look at the oil future of an independent Iraq. He’s presently surprised at Iraq’s oil output boost and cautiously optimistic for its future, while noting this give the world a Peak Oil-related lease of a few more years – if the world will only use it.

On that line, Klare cites Peak Oil realism as a major reason BushCo, already last year, was at least halfway OK with the Chinese getting their hands on some Iraq oil contracts.

That said, the story is in-depth and worth a read.

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