Iraq may hold twice as much oil

[oklavol]

Too bad the people won't stop killing each other long enough to take advantage of it:

If confirmed, it would raise Iraq from the world’s third largest source of oil reserves with 116bn barrels to second place, behind Saudi Arabia and overtaking Iran.
The study from IHS, a consultancy, also estimates that Iraq’s production could be increased from its current rate of less than 2m barrels a day to 4m b/d within five years, if international investment begins to flow.
That would put Iraq in the top five oil-producing countries in the world, at current rates.

FT.com / World / Middle East - Iraq may hold twice as much oil