Originally Posted by
Offshore-Wealth.com
Interesting,
I heard about real oil reserves a couple years ago, and this had been known even when Saddam was in control, but it was kept secret from him and his cronies, so no doubt, finally hearing more public reports of this, Iraq will indeed be number one in oil reserves, proven reserves, while we all know Saudi oil is long past peake and on decline, and that is why they are investing in everything but oil related interests. They have kep the secret of their wells going dry for five years ever since they expelled any outsiders who were working in oil industry there. I have a feeling Iran is in same boat or they would not be going nuclear and ignoring the worlds concerns.
Sure has been an interesting ride to this point, and the ride is getting closer to being over every day. Amazing how time flies when you don't pay as close attention to Iraq and all their internal fighting. It is amazing how they won't come together and the sooner they would, the sooner they become the largest and richest country in the world. It defies logic why this has dragged on for so long, yet again, we have all learned they are lost on logics, they should have just moved capital to Kurdistan and leveled Baghshit from start. That is where the problem has always been, and always will be with the corruption running rampant in gov., just about the same as in U.S. lol
Good luck to all, Mike