Skip to comments.Half-price Kurd oil threatens Iraq breakup with Turkish help
Posted on 06/24/2014 12:09:37 PM PDT by Lorianne
A tanker containing a million barrels of crude oil is floating around the Mediterranean, and its cargo is available at half-price. Yet if any country seizes the bargain, it may be pushing Iraq closer to disintegration.
The oil aboard is at the center of a fight over its ownership between the semi-autonomous region of Kurdistan, which pumped and shipped the crude from its territory in northern Iraq, and the central government in Baghdad, which claims the rights to all oil revenue.
Kurdish Peshmerga armed forces seized on the anarchy in northern Iraq, where militant Islamists routed the Baghdad governments army last week, to occupy the regions key oil hub, Kirkuk. The oil dispute has raised the possibility of the Kurdish region achieving financial self-sufficiency to go with those expanding territorial ambitions.
If that tanker docks, Iraqs Kurdistan Regional Government will take an important step toward independence and hasten the breakup of Iraq, Nihat Ali Ozcan, an analyst at the Economic Policy Research Foundation in Ankara, said by phone on June 13.
(Excerpt) Read more at fuelfix.com ...
Are these people serious. The only reason it won’t dock is all of the governments don’t want their citizens to demand half-price gasoline.
Good for the Kurds.
Iraq is a geographical expression. Part of it is a Sunni Shiekdon, part a Shiite Shiekdom and part a Kurdish Sheikdom. It was created by the Brits and supported by the Brits and the US in the last occupation. It needs to be allowed to be dismembered.
When the gas prices double then we will see how long the grand mufti has in office when the american public wakes up.
Send it to California.
This is from 5 days ago - I thought some guy in Israel already bought it?
Do they accept Bitcoin?
I think you’re right. I hope Israel will buy as much 1/2 price oil as Kurdistan can ship.
The state formerly called Iraq is as dead as the Austro-Hungarian Empire. It is now three— Obama can talk all he wants but the truth is out there. It was a British construct anyway—it didn’t work and could only be held together by a bloody tyrant.
It would be better for Iraq to break up. Better to have more smaller countries there anyway so that there is less in-country fighting.