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Iraqi Oil; More Risk Than Reward?

Iraqi Oil; More Risk Than Reward?

The┬áKurdistan region of Iraq has been considered the Holy Grail of oil exploration for around a decade now. Oil companies of all sizes have struggled to get their hands on acreage within the region, where oil literally seeps out of the sand. Until a few weeks ago oil production from the region was restricted, as oil could only be moved out of Kurdistan by truck, or sold into the domestic market at a significant discount to Brent. However, a newly…

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The Peak Oil Fallacy

The Peak Oil Fallacy

Back in the 1950s, M.King Hubbert, a geologist working for Shell, predicted that oil output from the lower 48 states of America would peak around 1970. Unfortunately, this did not prove to be true but it has lead to almost constant speculation about when the actual oil output around the world will reach its peak. However, it is now obvious that the brigade touting the date of peak oil, have gone the way of the flat earth society. Peak oil…

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