• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 1 day Could Someone Give Me Insights on the Future of Renewable Energy?
  • 10 hours How Far Have We Really Gotten With Alternative Energy
  • 6 hours Bankruptcy in the Industry
Triple Junction Solar Cell Sets World Record Efficiency

Triple Junction Solar Cell Sets World Record Efficiency

NUS researchers have developed a…

Could The U.S. Become Lithium Independent?

Could The U.S. Become Lithium Independent?

Despite having some of the…

Tensions Escalate in Iraq as Kurdistan Moves more Tanks to Protect its Borders

Tensions seem to be escalating between Baghdad and Irbil, as Kurdistan rolls out its Soviet-built tanks and positions them along its undefined southern border, all aimed at the unseen Iraqi forces on the other side of the town of Tuz Khurmato.

For the past three weeks Kurdish and Iraqi soldiers have been reinforcing their positions around the area, whilst Iraqi Prime Minsiter Nuri-al-Maliki, and Kurdistan’s President Masoud Barzani, have been busy shouting about war and patriotically flying their respective flag. Few, however, actually believe that the whole situation will go that far.

Technically a war would suit neither party. Baghdad would lose out on valuable oil revenues as production wells, or export and import terminals close down during the conflict, and Kurdistan’s growing economy would suffer from the lack of trade and damage to its infrastructure.

Related Article: Tension Escalates in Syria Amid Fears of Chemical Weapons

Actually both leaders are thought to be secretly gaining from this situation by consolidating their supporters for upcoming elections in their respective regions.

Maliki has claimed that the Kurdish action of increasing the number of tanks across the border has increased the risk of an unpredictable action leading to regrettable situation. He has warned that, “if it erupts ... it will be a painful, shameful ethnic conflict.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News