Everyone knows that Iraq is an important oil producing country. But Iraq is more than just important, it is critical.
Read more: http://tinyurl.com/p3bsoov
Everyone knows that Iraq is an important oil producing country. But Iraq is more than just important, it is critical.
Read more: http://tinyurl.com/p3bsoov
With all the talk about new oil discoveries around the world and new techniques for extracting oil in such places as North Dakota and Texas, it would be easy to miss the main action in the oil supply story: Aging giant fields produce more than half of global oil supply and are already declining as group. Research suggests that their annual production decline rates are likely to accelerate.
Read more: http://tinyurl.com/c3wn3qk