Peak Oil Crisis Good For Iraq And Us
Interesting,
As one who has had inside contact in the oil industry for years, they have known for years that Saudi's and Iranians are in deep doodoo with regards to oil supplies. Peak oil is when oil reserves are in decline, and in both countries this has been hidden from outsiders for a decade now. Saudi's removed all outsiders, and Iran is doing the same, so it is clear that oil is running out in these two countries, so hang on, Iraq will be the number one country in proven reserves when all the lies are exposed.
We see that the Saudi's are dragging their feet on forgiving debt to Iraq, and now you know why, they see this as crippling to their economy in the next ten years, so along with pushing oil to highest levels in recent months, we can see what is really going on behind the scenes. Look at Iran with all the games they are playing. Threatening with ongoing nuclear production, then capturing Brits and deferring focus away from nuclear once again, and on and on it goes. Iran will not give up nuclear production, in fact, it is now slipping out that they are only a year or so away from having weapons grade nuclear, and our so called intelligence has said five years. lol
Not only does Iran desperately need nuclear to replace oil knowing they are running out, they also are playing games with U.S. at same time to defer this insiders knowledge from getting out. Think what would happen if the world knew both Saudi Arabia and Iran were past peak and oil was in severe decline? Iraq is going to be in prime position to pick up where both these countries will leave off in next few years, so now we see why Iran was trying to get U.S. out of Iraq, and Saudi's are so slow to forgive debt for Iraq. Sure is an interesting situation shaping up here. lol
Good luck and health to all, Mike
