Chapter 6: Oil and gas
Iraq possesses large reserves of low-cost crude oil that are so great so as to not only dramatically impact the nation’s economy but also to substantially shift the worldwide balance of demand and supply of oil. It is a tremendous opportunity but if the ongoing oil boom is to provide more than a temporary boost to Iraq’s economy then serious engineering, management, economic, political, and social problems must be solved. Out of these, the engineering problems might be the easiest to remedy.
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