Monday, November 19, 2012

Iraq Oil Boom - Business Insider

Iraq Oil Boom - Business Insider: "Citi's commodities team believes Iraqi oil production is set to explode in the coming years, causing prices to turn downward.
In a massive survey helmed by analyst Edward Morse, Citi's team projects Brent crude to fall to $99 next year.
One of the main reasons (in addition to changing supply/demand dynamics in America): Iraq's oil production is poised to reach heights never seen in its history — neither prior to America's 2003 invasion nor in Iraq's '80s heyday:"

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