Iraq needs 1.3 mb/d additional oil exports and $US 70 oil to balance budget
If oil prices remain low Iraq will not get out of its current budget deficit. That will worsen all other problems this country is already suffering from.
Iraq
It’s the oil, stupid! Insurgency and war on a sea of oil
Events in Iraq are headline news everywhere, and once again, there is no mention of the issue that underlies much of the violence: control of Iraqi oil.
Banking on Iraq
Given the ethnic turmoil in Iraq triggered by ISIL’s recent seizure of towns in Iraq’s North and West it is uncertain how this will impact on oil production in the Shia controlled South, from where the bulk of Iraq’s oil exports come from.
Peak Oil Review – Apr 28
A weekly update including Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
Doubling of Iraqi oil production by 2020?
Those who expect a doubling of Iraqi oil production to 6 mb/d by 2020 should pray for enduring peace and social justice in this war-torn country.
Iraq 10 years on
•An ‘Absolute Will To Forget’: Iraq Casts Shorter Shadow Than Vietnam •David Frum, the Iraq war and oil •Bombs kill nearly 60 on Iraq invasion anniversary •Hawks Defend War on Low-Key 10th Anniversary of Iraq Invasion •Search and Destroy: The rape of Iraq •Death and Dollars in the New Iraq
Iraq war and its aftermath failed to stop the beginning of peak oil in 2005
It is now 10 years that the coalition of the willing, err… peaking (US peak 1970, UK peak 1999, Australia peak 2000) invaded Iraq. This was not just an oil war. It was a peak oil war.
Peak oil review – Jan 21
A weekly update, including:
-Oil and the global economy
-Iraq
-Drilling rigs and tight oil
-China
-Quote of the week
-The Briefs
Peak oil notes – Dec 28
A mid-week update.
Peak oil review – Dec 24
A weekly update, including: -Oil and the global economy -The Middle East -Troubles in Iraq -Quote of the week -The Briefs
Peak oil notes – Dec 7
A mid-week update.