Thursday, January 20, 2011

1-20-11 Urgent: Iraq's Oil Reserve reach 500 billion (b) barrels, official

Highlights/Thoughts
Click on the title of the link to get to the details of the chat

1. Iraq's oil reserves are now 500 billion
2. Previous estimate was 143 billion

Please keep in mind that the IMF now allows these countries to monetize their oil. If this is a proven 500 billion, Iraq is not only the country with the most oil, but they are the richest.

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