Iraqi Oil In Context: 60% Of OPEC Growth Expectations

[RVWITHME]

Something's mighty fishy about this undervalued IQD.

Just hold on to what IQD you've got folks, regardless of how dumb "they" want to make you feel.

The sand is running out of this hourglass fairly rapidly and you have front row seats to an amazing show!

 

Iraqi Oil In Context: 60% Of OPEC Growth Expectations

http://www.zerohedge.com/news/2014-07-24/iraqi-oil-context-60-opec-growth-expectations

Submitted by Tyler Durden on 07/24/2014 - 17:36

While Iraqi crude represents about 4.4% of world production, or around 3.4 mmbd (5th largest in the world); enabling investors to shrug at any fears that ISIS will spread to the South and interrupt this supply (since it will be 'contained'); what many do not comprehend is that in such a tight oil market as we currently have, Goldman warns that as much as 60% of OPEC’s expected capacity growth over the next five years to come from Iraq.

 

 

[sandfly]

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