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US troops actually slow investment, because as long as they are there there will be uncertainty as to the legitimacy of the legal framework for oil investments, and oil companies are unlikely to invest real money unless they are reasonably sure that the legal framework can last a couple dozen years - and that won't happen prior to the departure of the US troops as no government under them is legitimate.

Wind power
by Jerome a Paris (etg@eurotrib.com) on Thu Nov 11th, 2010 at 06:41:57 AM EST
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Which is another reason the "to be developed" portion of the graph is fantasy. Even if the US accelerates its draw-down of overseas troops, Iraq will be towards the end UNLESS the oil if flowing at an increasing rate and the Iraqis seem happy -- failing a serious collapse of US power or the even more remote possibility of a significant change in US politics. My guess is that we will leave Iraq only when the actual reserves, along with production, are seriously in decline or the US can no longer manage to pay for the occupation.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Nov 11th, 2010 at 10:11:19 AM EST
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