And have you considered this is THE REASON we're there in the first place?:think: So who would benefit? Well, start with Dick Cheney and his fingers that seem to be in every pot...
http://www.ft.com/cms/s/23bedd7e-edd8-11db-8584-000b5df10621.htmlIraq may hold twice as much oil
By Ed Crooks in London
Published: April 18 2007 20:24 | Last updated: April 19 2007 09:08
Iraq could hold almost twice as much oil in its reserves as had been thought, according to the most comprehensive independent study of its resources since the US-led invasion in 2003.
The potential presence of a further 100bn barrels in the western desert highlights the opportunity for Iraq to be one of the world’s biggest oil suppliers, and its attractions for international oil companies – if the conflict in the country can be resolved.
If confirmed, it would raise Iraq from the world’s third largest source of oil reserves with 116bn barrels to second place, behind Saudi Arabia and overtaking Iran.
The study from IHS, a consultancy, also estimates that Iraq’s production could be increased from its current rate of less than 2m barrels a day to 4m b/d within five years, if international investment begins to flow.
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