May 21, 2008

Iraq May Have "The Biggest Oil Reserves In The World"

New data released this week shows that Iraq may have the most oil of any country in the world.

No wonder the Bush administration has been so interested in Iraq from the very beginning.

According to the new figures, not even Saudi Arabia has as much oil as Iraq does.

So, do you think we will be pulling our troops out any time soon?

Especially when we are building massive military bases around these oil fields?

Here is more information from the source article:


Iraq dramatically increased the official size of its oil reserves yesterday after new data suggested that they could exceed Saudi Arabia’s and be the largest in the world.

The Iraqi Deputy Prime Minister told The Times that new exploration showed that his country has the world’s largest proven oil reserves, with as much as 350 billion barrels. The figure is triple the country’s present proven reserves and exceeds that of Saudi Arabia’s estimated 264 billion barrels of oil. Barham Salih said that the new estimate had been based on recent geological surveys and seismic data compiled by “reputable, international oil companies . . . This is a serious figure from credible sources.”

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