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Saturday, 14 June 2014

Does Obama's Iraq "All Options On The Table" Include The Strategic Petroleum Reserve

The Iraqi regime is engaged in a fratricidal struggle with segments of their nation falling under the heel of the Qaeda inspired Islamic State of Iraq and Syria (ISIS). Mosul, Iraq's second largest city with a population of 1.6 miilion has fallen to the ISIS marauders. Tikrit, Hussein's hometown is under fierce attack while alarm bells are ominously sounding in Kirkuk, Dohuk Ibril and even Baghdad. Clearly the oil fields of Iraq and its 3 million bbls daily production capability (of which 2.25 million bbls/day are regularly exported as OPEC oil) risks coming into play. ...



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