July 4, 2007

Lets start with some good news!

Kurdish Oil Riches Lure Wildcatters Unswayed by Deaths in Iraq

This isn’t really good news in terms of the deaths in Iraq, it seems to be good news in that there is another big oil giant
comparable to Ghawar

Once known as Baba Gurgur, Kurdish for “father of fire,” Kirkuk is a coveted prize in the oil wars. It holds reserves second only to the Ghawar field in Saudi Arabia, according to the U.S. Department of Energy.

That there is no mention of decline on this one, lets file it under good news!

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