Front-paged at Booman Tribune
A giant new oil field was discovered this past week in Mexico, and that generated big headlines.
It is no secret that Iraq sits atop the second largest proven oil reserves in the world (112 billion barrels), hence the rumors that we went to war for oil, but less well known is the fact that Iraq's potential oil reserves are largely unexplored, and that U.S. Government estimates suggest that the true Iraqi reserves may be as high as 432 billion barrels, which would place it number one in the world, far ahead of Saudi Arabia's 259 billion barrels in proven reserves.
Afghanistan has long been eyed as a rich site for an oil pipeline, and it has also been known to have modest oil and natural gas reserves of its own. Suddenly the word modest may no longer apply, but the mainstream media doesn't appear to regard the discovery of major new oil and gas reserves in Afghanistan to be much of a story.
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