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Re: $17 Billion in Welfare to oil companies

Iraq is suppose to have the worlds 2nd biggest reserves of oil. Wasnt it suppose to pay for some of their rebuilding?

Not sure of the date of this but found it interesting

Iraq's Oil Reserves: Untapped Potential
While its proven oil reserves of 112 billion barrels ranks Iraq second in the work behind Saudi Arabia, EIA estimates that up to 90-percent of the county remains unexplored due to years of wars and sanctions. Unexplored regions of Iraq could yield an additional 100 billion barrels. Iraq's oil production costs are among the lowest in the world. However, only about 2,000 wells have been drilled in Iraq, compared to about 1 million wells in Texas alone.

This is CABL.com posting #220263. Tiny Link: cabl.co/m5sN
Posted in reply to: Re: $17 Billion in Welfare to oil companies by sab3r
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