Replies to post #1933 on The Rising Influence of Rising Affluence

[DewDiligence]

Iraq oil production above 3M bbl/day for first time since 1979:

http://www.reuters.com/article/2012/03/05/oil-iraq-idUSL5E8E518I20120305

Iraq aims to double its oil output over the next three years and has a long-term goal of 12 million bpd. Although that target may be out of reach, Iraq is still expected to be the world's biggest source of new oil supplies over the next few years.