European Tribune - Comments

War footing | 210 comments (210 topical, 0 editorial, 0 hidden)

There is also a lot of oil around Kirkuk.

It is interesting that most of Saudi Arabia's oil is also under shiite territory, in Saudi Arabia's shiite North.

We have met the enemy, and it is us — Pogo

by Migeru (migeru at eurotrib dot com) on Thu Oct 25th, 2007 at 06:48:45 PM EST
[ Parent ]

Re: War footing (none / 0)

Yes, there is oil at Kirkuk. The field was actually found as early as 1927 IIRC, and the wells were immediatly plugged by the international oil companies to keep the price of oil up. Oh the irony.

But I think there is far more oil in the south. Maybe proprotions like 4 to 1, or something like that.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu Oct 25th, 2007 at 06:54:56 PM EST
[ Parent ]

Re: War footing (none / 1)

The infrastructure in the North is a deal better, though - or less shot up, at least. As far as I've heard from our newsies, the oil is split roughly fifty-fifty between the North and South of Iraq. It's the centre that's out of luck.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Oct 25th, 2007 at 06:57:33 PM EST
[ Parent ]

Re: War footing (4.00 / 2)

It is what I remembered as well but after reading Starvid's comment I looked it up and it appears the reserve distribution is 20% in the North and 70% in the South. I'll have to think about that because it may change my opinion on the need they have to deal with Iran in some fashion.

by Fete des fous on Thu Oct 25th, 2007 at 07:26:15 PM EST
[ Parent ]

War footing | 210 comments (210 topical, 0 editorial, 0 hidden)

. Home
. About
. Contact
. New User Guide
. FAQ
. ET Editorial Guidelines
. Search
. Search (Google)

Username:
Password:

. Make a new account
. Reset password

Recommended Diaries

Recent Diaries

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
127 comments

A Star is Born
by ChrisCook - May 23
23 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

A little American intercine battling
by rootless2 - May 14
27 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

The mainstream German Magazine Spiegel asks, has the US mixed ...
by Democrats Ramshield - May 10
27 comments

Short Term Climate Forces: Black Carbon, Methane, and...
by gmoke - May 9

Twenty days of Crisis for Cameron
by ceebs - May 9
22 comments

SYRIZA and the Eurocrats: a letter of intent
by talos - May 9
363 comments

French Parliamentary Elections: a look under the hood
by Bernard - May 8
59 comments

Sunday Train: The Rock Island Line is a Mighty Fine Iowa...
by BruceMcF - May 6
18 comments

Greece election day II - Election diary and info
by talos - May 6
129 comments

Greece: Election day I - some background
by talos - May 6

Why haven't we had WWIII yet?
by Migeru - Apr 30
258 comments

More Diaries...

Occasional Series

Click for full list