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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