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Iraq an economic Study

 
way2wyrd

User ID: 56846693
United Kingdom
06/24/2014 05:31 AM

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Re: Iraq an economic Study
<50% rule observed.


Made of State John Kerry, on Monday, after a meeting with Iraqi Prime Minister outgoing Nuri al-Maliki, and a number of Iraqi officials in Baghdad, remarks indicate Washington's desire to abandon al-Maliki from power, contrary to what was keen Kerry on Asmall the owners during their meeting .

And a senior Iraqi official revealed that Kerry transfer of three owners of American letters, centered on the need for the resignation of the latter, and warning of the consequences of any Iranian interference in Iraq, and stop the recruitment in the army on a sectarian basis.

In exchange for failure to declare the American public wanting to give up al-Maliki from power, as one of the main factors, which triggered the crisis, revealed a senior official at the Iraqi Foreign Ministry, on Monday, for "new Arab", highlights of the talks, al-Maliki and Kerry, stressing that the latter has the transfer of three letters U.S., focused on the need for the resignation of Maliki, and warning of the consequences of any military intervention in Iraq, Iran, and stop recruitment into the army on a sectarian basis.

The official said, "The most prominent axes closed-door meeting, which was leaked to us, concentrated in three letters U.S., it focused first message on the resignation of Maliki and the search for a new alternative, has the approval of the Sunni Arabs and Kurds, through a new government recognizes the constitutionally according to the results of the recent election."

[link to translate.google.com (secure)]
 Quoting: Revbo™



Sounds like a meeting of very serious tone.
 Quoting: BurgerTime 31200841


Give 'em hell, Lurch!

moshpit
 Quoting: Revbo™



do not judge those who try and fail.If you must then judge those who fail to try..


I have always thought to myself,If one thought can change the world.
Then surely one thought could have created the universe.


"But ask the animals, and they will teach you,
or the birds in the sky, and they will tell you;
or speak to the earth, and it will teach you,
or let the fish in the sea inform you." - Job 12:7,8
way2wyrd

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06/24/2014 05:36 AM

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Re: Iraq an economic Study
So, I think I've seen enough onTwitter to tell me Maliki ain't resigning. He says we told him that he could form the government by July 1, which is such a bullshit interpretation of what we told him, it makes my head want to explode. I think we're seeing "Confessions of an Economic Hitman" play out here. We tried the diplomatic route...sort of, by sending ISIS into the Sunni territories, and knocking on the door of Baghdad to intimidate him into leaving. That has failed, so the next move, according to the book, is to try to assassinate him, so I would say we see ISIS move on Baghdad in the very near future before the Shiite militia is able to organize. If he survives that, we're looking at either civil war or Sunni secession. Barzani already talked about Kurdistan seceding again, today, and it would be in the Sunnis' interests to just secede and not try to fight a protracted civil war. We could be back to the Biden Plan, after all, and that wouldn't be all that bad. I don't think we'll see a change in currency until there is some political settlement, though, whether it be the 3 state solution or a new Maliki-free, non-sectarian government where peace and justice rains throughout the land. The good news is, things are at such a tipping point that a political solution can't be far off.
 Quoting: Revbo™


Revbo the announcement from the CBI with the associated rate change must happen before the split off.

You see when the Kurds declare an independent nation of Kurdistan on that day Iraq will lose 1/3rd of its land and wealth...oil...gold...crops etc.

This would throw the whole value equation on it's head and IMF article 8 compliance would be derailed.

So currency change first...then the split.

If not...it will be one big failure.

popcorn
 Quoting: PIR


Not necessarily. The Shiite remnant state would keep the CBI, and all its money, and they have 2/3 of the oil. They would lose their welfare cases in Sunni-stan, and a Shiite remnant state would immediately have stability because there won't be any Sunnis or Kurds to oppress.

If it goes down this way, though, I think you're right that the Kurds will probably wait for a while to see how things shake out. Their secession is not nearly as imperative as the Sunnis' would be in the near term. The Kurds have pretty much got everything under control in their territories.
 Quoting: Revbo™


It seems to me that there are at least two irons in the fire here... 1. Maliki and his own agenda for power 2. The larger players, US, EU, IMF, WB, UST that are opposed to BRICS & Iran, both tolerating Maliki's bullshit.

I can't help but think that both sides want the IQD to FF/RV, because both benefit, but like two alpha predators, there is the fight that ensues to lay claim to the largest part of the kill.

It looks like that is where we are at.
 Quoting: BurgerTime 31200841

I can't help but like the way you think.


do not judge those who try and fail.If you must then judge those who fail to try..


I have always thought to myself,If one thought can change the world.
Then surely one thought could have created the universe.


"But ask the animals, and they will teach you,
or the birds in the sky, and they will tell you;
or speak to the earth, and it will teach you,
or let the fish in the sea inform you." - Job 12:7,8
way2wyrd

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06/24/2014 05:45 AM

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Re: Iraq an economic Study
doing quick research an apache helicopter can hit stationary targets from 7 kilometers away...that's over 4 miles away... I'm no expert but I don't think rpgs can hit a target 4 miles away... so you could take care of this problem from a safe distance in a day or two. Yet somehow the convoy of toyotas is some sort of military colossus that can be defeated.

while guys in masks with machine guns makes for scary photos and video footage to put on the tell-a-vision...they are no match for even the smallest air force...

this whole narrative being spun just reeks of bullshit
 Quoting: Anonymous Coward 59589998



WE HAVE ONE WHO CAN SEE.

agent
do not judge those who try and fail.If you must then judge those who fail to try..


I have always thought to myself,If one thought can change the world.
Then surely one thought could have created the universe.


"But ask the animals, and they will teach you,
or the birds in the sky, and they will tell you;
or speak to the earth, and it will teach you,
or let the fish in the sea inform you." - Job 12:7,8
PIR

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06/24/2014 06:45 AM

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Re: Iraq an economic Study
Iraq UPDATE

Tue June 24th


The official spokesman for the Commander in Chief of the Armed Forces: # brevity

1. Security forces is completely controlled by the perpetrators of the Trebil and newborn.

2. Securing the road to Baghdad - Samarra Bashkal full.

3. Security forces managed to free hand the great and inflicted great losses on the enemy.

4. Security forces in full control on the Baiji refinery and there was a wonderful response and heroic yesterday
PIR
PIR

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06/24/2014 06:59 AM

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Re: Iraq an economic Study
Iraq UPDATE

Tue June 24th


The official spokesman for the Commander in Chief of the Armed Forces: # brevity

1. Security forces is completely controlled by the perpetrators of the Trebil and newborn.

2. Securing the road to Baghdad - Samarra Bashkal full.

3. Security forces managed to free hand the great and inflicted great losses on the enemy.

4. Security forces in full control on the Baiji refinery and there was a wonderful response and heroic yesterday
 Quoting: PIR


More battle reports:

Security forces killed 77 al-Qaeda leaders and restore port "newborn" and defeat "Daash" in Baiji and Afar

Security forces: kill dozens of terrorist Daash including leadership During the rocket to their communities in Hor Al Basha Fallujah

Operations Command _ Tigris : the process of implementing a proactive nests # Daash terrorist killing 21 terrorists and destroy 3 wheels within boycotted responsibility

Urgent: the start of a security operation to clear areas of Anbar, west of the armed groups and the organization "Daash

Began driving Army Aviation, using rockets modern Russian-made in the beating of the groups organizing Daash terrorist.

these missiles entering service for the first time in Iraq, and characterized with high accuracy in the correction of the objectives of the long-term.
destroyed the Air Force during the past week several sites was holed up in which members of the Daash terrorist organization, followed by a tightening of the Iraqi army control over those sites and their surroundings
PIR
way2wyrd

User ID: 56846693
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06/24/2014 07:06 AM

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Re: Iraq an economic Study
Iraq UPDATE

Tue June 24th


The official spokesman for the Commander in Chief of the Armed Forces: # brevity

1. Security forces is completely controlled by the perpetrators of the Trebil and newborn.

2. Securing the road to Baghdad - Samarra Bashkal full.

3. Security forces managed to free hand the great and inflicted great losses on the enemy.

4. Security forces in full control on the Baiji refinery and there was a wonderful response and heroic yesterday
 Quoting: PIR


More battle reports:

Security forces killed 77 al-Qaeda leaders and restore port "newborn" and defeat "Daash" in Baiji and Afar

Security forces: kill dozens of terrorist Daash including leadership During the rocket to their communities in Hor Al Basha Fallujah

Operations Command _ Tigris : the process of implementing a proactive nests # Daash terrorist killing 21 terrorists and destroy 3 wheels within boycotted responsibility

Urgent: the start of a security operation to clear areas of Anbar, west of the armed groups and the organization "Daash

Began driving Army Aviation, using rockets modern Russian-made in the beating of the groups organizing Daash terrorist.

these missiles entering service for the first time in Iraq, and characterized with high accuracy in the correction of the objectives of the long-term.
destroyed the Air Force during the past week several sites was holed up in which members of the Daash terrorist organization, followed by a tightening of the Iraqi army control over those sites and their surroundings
 Quoting: PIR

Funny.
As i was reading this,the local news here in the UK was reporting the exact opposite of everything you wrote lmfao.

They're still making out that iraq is fighting these rebels for its very existence.lol
crazy world ehh.
do not judge those who try and fail.If you must then judge those who fail to try..


I have always thought to myself,If one thought can change the world.
Then surely one thought could have created the universe.


"But ask the animals, and they will teach you,
or the birds in the sky, and they will tell you;
or speak to the earth, and it will teach you,
or let the fish in the sea inform you." - Job 12:7,8
PIR

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06/24/2014 07:06 AM

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Re: Iraq an economic Study
Here we go...The set up begins!

PROBLEM Maliki gets a third term

REACTION The Kurds freak out and say they cannot work with him

SOLUTION Kurdistan calls for a referendum on independence.


Barzani: I will discuss the independence of Kurdistan Kerry and I call on al-Maliki to step down

"Recent events in Iraq confirmed that the Kurdish people have to seize the opportunity now, and that they should determine their own future, and we will bring the independence of Kurdistan to the U.S. Secretary of State John Kerry"

Read the rest here: [link to almasalah.com]

Last Edited by PIR on 06/24/2014 07:08 AM
PIR
PIR

User ID: 54058774
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06/24/2014 07:28 AM

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Re: Iraq an economic Study
Here we go...The set up begins!

PROBLEM Maliki gets a third term

REACTION The Kurds freak out and say they cannot work with him

SOLUTION Kurdistan calls for a referendum on independence.


Barzani: I will discuss the independence of Kurdistan Kerry and I call on al-Maliki to step down

"Recent events in Iraq confirmed that the Kurdish people have to seize the opportunity now, and that they should determine their own future, and we will bring the independence of Kurdistan to the U.S. Secretary of State John Kerry"

Read the rest here: [link to almasalah.com]
 Quoting: PIR


The former French foreign minister: I'll go to Arbil to participate in the announcement ceremony Kurdish State


Tue Jun 24 2014 00:12 | (Voice of Iraq) -Erbil

Said French Foreign Minister Bernard Kouchner, former, Sunday, that the Kurdistan Regional Government will soon announce the independence of Kurdistan and it will go to Arbil to participate in a ceremony announcement.
Kouchner added in a speech at a ceremony commemorating Dr. Abdul Rahman Ghassemlou in the Kurdish Institute in Paris 'Kurdistan Regional Government will soon announce the independence of Kurdistan, and we're going to participate in the ceremony in Arbil.'

Read the rest here: [link to translate.google.com]
PIR
PIR

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06/24/2014 07:31 AM

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Re: Iraq an economic Study
And more...

EXCLUSIVE: Iraqi Kurdistan leader Massoud Barzani says 'the time is here' for self-determination


June 23rd, 2014
11:55 AM ET
By Mick Krever, CNN

Iraqi Kurdish President Massoud Barzani gave his strongest-ever indication on Monday that his region would seek formal independence from the rest of Iraq.

[link to amanpour.blogs.cnn.com]

Last Edited by PIR on 06/24/2014 07:32 AM
PIR
Ohio chic
I never leave red. ONLY green!

User ID: 37351658
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06/24/2014 07:47 AM

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Re: Iraq an economic Study
Can you believe someone gave me negative feedback and called me an attention whore....really????

At tnt whore
 Quoting: Ohio chic


That sucks! When I had my photo up as little miracles, some guy called me a "goth stank" lol! Because I had a cross necklace on, go figure... chuckle

What part of Ohio are you from? the other HoodRat is from Aurora Shores.
 Quoting: HoodRats


Jealousy. What a terrible emotion. Well anyways..I'm from the Columbus area
This is what the LORD says: "Cursed is the one who trusts in man, who depends on flesh for his strength and whose heart turns away from the LORD."

Jeremiah 17:5
talkstory

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Thailand
06/24/2014 07:54 AM
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Re: Iraq an economic Study
Ohio boy here, toledo.
talkstory
Ohio chic
I never leave red. ONLY green!

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06/24/2014 08:24 AM

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Re: Iraq an economic Study
Ohio boy here, toledo.
 Quoting: talkstory


That's awesome!!! We should all get together
This is what the LORD says: "Cursed is the one who trusts in man, who depends on flesh for his strength and whose heart turns away from the LORD."

Jeremiah 17:5
Anonymous Coward
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06/24/2014 08:25 AM
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calin

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06/24/2014 09:10 AM
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Ohio boy here, toledo.
 Quoting: talkstory


That's awesome!!! We should all get together
 Quoting: Ohio chic


Born in Cincinnati.
PIR

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06/24/2014 09:26 AM

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Re: Iraq an economic Study
To understand the subterfuge and reverse psycology being used on he minds of the GDP (generally dumb public)...listen to my last nights episode of Phoenix Rising Radio.

I explain how they are setting this whole thing up and why.

All by design...

Link: [link to www.blogtalkradio.com]
PIR
Anonymous Coward
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Italy
06/24/2014 09:33 AM
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Re: Iraq an economic Study
To understand the subterfuge and reverse psycology being used on he minds of the GDP (generally dumb public)...listen to my last nights episode of Phoenix Rising Radio.

I explain how they are setting this whole thing up and why.

All by design...

Link: [link to www.blogtalkradio.com]
 Quoting: PIR


The general impression is that you are talking of something happening in another universe
talkstory

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06/24/2014 09:34 AM
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Re: Iraq an economic Study
Ohio boy here, toledo.
 Quoting: talkstory


That's awesome!!! We should all get together
 Quoting: Ohio chic


Sounds good to me. After the RV we can all meet up.
talkstory
talkstory

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06/24/2014 09:34 AM
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Re: Iraq an economic Study
Ohio boy here, toledo.
 Quoting: talkstory


That's awesome!!! We should all get together
 Quoting: Ohio chic


Sounds good to me. After the RV we can all meet up.
talkstory
PIR

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06/24/2014 09:41 AM

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Re: Iraq an economic Study
To understand the subterfuge and reverse psycology being used on he minds of the GDP (generally dumb public)...listen to my last nights episode of Phoenix Rising Radio.

I explain how they are setting this whole thing up and why.

All by design...

Link: [link to www.blogtalkradio.com]
 Quoting: PIR


The general impression is that you are talking of something happening in another universe
 Quoting: Anonymous Coward 59591635


Understood.

See ya.
PIR
jetphyxr

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06/24/2014 10:09 AM
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Re: Iraq an economic Study
Ohio boy here, toledo.
 Quoting: talkstory


That's awesome!!! We should all get together
 Quoting: Ohio chic


I live in a state right next to Ohio!!! cheers
Revbo™
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06/24/2014 10:11 AM

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Re: Iraq an economic Study
And more...

EXCLUSIVE: Iraqi Kurdistan leader Massoud Barzani says 'the time is here' for self-determination


June 23rd, 2014
11:55 AM ET
By Mick Krever, CNN

Iraqi Kurdish President Massoud Barzani gave his strongest-ever indication on Monday that his region would seek formal independence from the rest of Iraq.

[link to amanpour.blogs.cnn.com]
 Quoting: PIR


I'm listening to the interview now, and it sure sounds like the Kurds have had enough, and are ready to go. Barzani leaves open the possibility that they will stay a part of Iraq, but only if Maliki goes.

Last Edited by Revbo™ on 06/24/2014 10:15 AM
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Revbo™
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06/24/2014 10:19 AM

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Re: Iraq an economic Study
[link to translate.google.com]

Indeed, the members of the cluster, which belongs to al-Maliki, 64, now concede that he may be forced to leave if the Shiite groups, Sunnis and Kurds to gather in a new governing coalition.

A senior member of the coalition of al-Maliki, speaking on condition of anonymity, "Iraq after the tenth of June is not as it was before .. everything changed .. and everything is on the table .. and if others have insisted that they will file only if it is not al-Maliki as prime minister, we ready to discuss it. "
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Revbo™
Pook Snabber

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06/24/2014 11:07 AM

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Re: Iraq an economic Study
Well, I'll be damned. Could the old bastard really be coming to his senses?


Maliki's coalition: I will support any candidate achieves victory over terrorism

The head of a coalition of state law in a letter addressed to the President of the National Alliance, Ibrahim al-Jaafari seen by the agency ((eighth day)) if the withdrawal of my candidacy for the post of prime minister will be the cause of our victory over the forces of death and darkness Fannie first retreating, according to a source close to al-Jaafari.

[link to translate.google.com.pk]
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
HoodRats

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06/24/2014 11:09 AM

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Re: Iraq an economic Study
Here we go...The set up begins!

PROBLEM Maliki gets a third term

REACTION The Kurds freak out and say they cannot work with him

SOLUTION Kurdistan calls for a referendum on independence.


Barzani: I will discuss the independence of Kurdistan Kerry and I call on al-Maliki to step down

"Recent events in Iraq confirmed that the Kurdish people have to seize the opportunity now, and that they should determine their own future, and we will bring the independence of Kurdistan to the U.S. Secretary of State John Kerry"

Read the rest here: [link to almasalah.com]
 Quoting: PIR


Well, I must say, your scenariois gaining traction with me...at least a bit :)
The former Little Miracles
AAONMS
User ID: 59395182
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06/24/2014 11:35 AM
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Re: Iraq an economic Study
AAONMS...great job.

Did you cover the pipeline that the US wanted to put across Afghanistan pre 9-11?

Pre 9-11 the US government hosted the Taliban leadership in Washington trying to sweet talk them into a deal for the pipeline and they refused.

1 year later the very same Taliban leaders were running for their lives from Special Forces attack groups in Afghanistan.
 Quoting: PIR


Thanks PIR,

No I haven't covered the Afghanistan pipeline, but I am aware of it. Cheney's oil company got the contract to build that pipeline too. Just a coincidence I am sure. : )

This was another part of a grand plan by the EU and USA it seems. The basic part of the plan was to:

1. ) control as much middle eastern oil and gas as possible as the middle east contains almost 70% of the worlds oil.
2. ) design a way to get it Europe via pipelines and keep it as cheap as possible for USA and Europe.
3. )To reduce EU dependence on Russia and hurt china and India the two biggest emerging economies by controlling the majority of the supply. Oil is the lifeblood of any economy!

Very simple philosophy here.

Those who control the worlds oil control the world!!
Revbo™
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06/24/2014 11:37 AM

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Re: Iraq an economic Study
Well, I'll be damned. Could the old bastard really be coming to his senses?


Maliki's coalition: I will support any candidate achieves victory over terrorism

The head of a coalition of state law in a letter addressed to the President of the National Alliance, Ibrahim al-Jaafari seen by the agency ((eighth day)) if the withdrawal of my candidacy for the post of prime minister will be the cause of our victory over the forces of death and darkness Fannie first retreating, according to a source close to al-Jaafari.

[link to translate.google.com.pk]
 Quoting: Revbo™


Even Idi Amin, who was far more brutal than Maliki, eventually saw the light and ran.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Revbo™
Pook Snabber

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06/24/2014 11:42 AM

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Re: Iraq an economic Study
*50% rule observed.

According to MP for the Liberal bloc Bahaa al-Araji told all of Iraq [where] today that "the National Coalition will meet this evening to ask the alliance's candidate for prime minister and thus will display the name of the candidate to be agreed upon in front of the National Alliance, adding that the meeting will also discuss the recent security incidents."

He continued that "there is a great desire among several blocks need to step down Prime Minister Nuri al-Maliki and that the presence of several crises, stressing the need to look at Iraq and not to the prime minister."

[link to translate.google.com]



Said a member of the Liberal bloc, MP in the previous parliament Prince Kanani that the National Coalition will nominate Adel Abdul-Mahdi as prime minister if it does not change the State of Law coalition candidate, pointing out that "the National Coalition gave the coalition of state law 3 days to change the candidate of Nuri al-Maliki to another character."

Kanani said: "It's stuck in the event of a coalition of state law candidate through Nuri al-Maliki did not put another character within a period of three days, he will have to declare its candidate to the political blocs to negotiate with them for the purpose of forming the next government."

[link to www.almustaqbalnews.net]
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
AAONMS
User ID: 59395182
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06/24/2014 11:46 AM
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Re: Iraq an economic Study
AAONMS...great job.

Did you cover the pipeline that the US wanted to put across Afghanistan pre 9-11?

Pre 9-11 the US government hosted the Taliban leadership in Washington trying to sweet talk them into a deal for the pipeline and they refused.

1 year later the very same Taliban leaders were running for their lives from Special Forces attack groups in Afghanistan.
 Quoting: PIR


Thanks PIR,

No I haven't covered the Afghanistan pipeline, but I am aware of it. Cheney's oil company got the contract to build that pipeline too. Just a coincidence I am sure. : )

This was another part of a grand plan by the EU and USA it seems. The basic part of the plan was to:

1. ) control as much middle eastern oil and gas as possible as the middle east contains almost 70% of the worlds oil.
2. ) design a way to get it Europe via pipelines and keep it as cheap as possible for USA and Europe.
3. )To reduce EU dependence on Russia and hurt china and India the two biggest emerging economies by controlling the majority of the supply. Oil is the lifeblood of any economy!

Very simple philosophy here.

Those who control the worlds oil control the world!!
 Quoting: AAONMS 59395182


Here is what most people don't know.

The world is NOT running out of oil, BUT it IS running out of CHEAP oil and Iraq is said to contain as much as 25% of the worlds remaining CHEAP lite sweet crude that's close to the surface!

This is why Iraq is soooo important! An energy crisis for the world is about to rear its ugly head and its because oil is about to become much more costly!

I have experience working with an oil remediation and production company. Our company for a time was producing a chemical that you could put down an oil well that would boost production of that well as much 500% for about 6 months.

What I learned during that time is that oil wells and oil fields behave the same way. You can have higher and higher production rates of an oil well till you reach 50% left of the reserves at that point the well pumps at a declining rate for the rest of its life!!!

There are some things you can do to temporarily boost oil and gas production from a declining well, but they are ONLY temporary!!

The problem is the largest oil fields in the world including almost all of the middle east with the exception of Iraq are in decline!! There are alternative oil supplies that can and will fill worlds shortage but they are all SECONDARY sources that cost much more to produce!!!
AAONMS
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06/24/2014 11:53 AM
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Re: Iraq an economic Study
AAONMS...great job.

Did you cover the pipeline that the US wanted to put across Afghanistan pre 9-11?

Pre 9-11 the US government hosted the Taliban leadership in Washington trying to sweet talk them into a deal for the pipeline and they refused.

1 year later the very same Taliban leaders were running for their lives from Special Forces attack groups in Afghanistan.
 Quoting: PIR


Thanks PIR,

No I haven't covered the Afghanistan pipeline, but I am aware of it. Cheney's oil company got the contract to build that pipeline too. Just a coincidence I am sure. : )

This was another part of a grand plan by the EU and USA it seems. The basic part of the plan was to:

1. ) control as much middle eastern oil and gas as possible as the middle east contains almost 70% of the worlds oil.
2. ) design a way to get it Europe via pipelines and keep it as cheap as possible for USA and Europe.
3. )To reduce EU dependence on Russia and hurt china and India the two biggest emerging economies by controlling the majority of the supply. Oil is the lifeblood of any economy!

Very simple philosophy here.

Those who control the worlds oil control the world!!
 Quoting: AAONMS 59395182


Here is what most people don't know.

The world is NOT running out of oil, BUT it IS running out of CHEAP oil and Iraq is said to contain as much as 25% of the worlds remaining CHEAP lite sweet crude that's close to the surface!

This is why Iraq is soooo important! An energy crisis for the world is about to rear its ugly head and its because oil is about to become much more costly!

I have experience working with an oil remediation and production company. Our company for a time was producing a chemical that you could put down an oil well that would boost production of that well as much 500% for about 6 months.

What I learned during that time is that oil wells and oil fields behave the same way. You can have higher and higher production rates of an oil well till you reach 50% left of the reserves at that point the well pumps at a declining rate for the rest of its life!!!

There are some things you can do to temporarily boost oil and gas production from a declining well, but they are ONLY temporary!!

The problem is the largest oil fields in the world including almost all of the middle east with the exception of Iraq are in decline!! There are alternative oil supplies that can and will fill worlds shortage but they are all SECONDARY sources that cost much more to produce!!!
 Quoting: AAONMS 59395182


I should say ALMOST all secondary sources. There are few oil fields they are discovering or are new production, but not nearly enough to offset the declining cheap ones.
HoodRats

User ID: 32798472
United States
06/24/2014 12:04 PM

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Re: Iraq an economic Study
[link to www.investing.com]

7 Global consequences of soaring oil prices


Or...
More aptly, 7 reasons for Global economic reset

:)
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