So, overnight, the world has another 29 billion barrels of oil after Iraq decided to upgrade its proven reserves from 114 billion to 143 billion barrels based on new evaluations of West Qurna and Zubair fields in the south. That’s pretty much an entire year of global demand right there. Although the details are a more »
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In 2009, a colleague of mine had an idea about how Ghana could innovate using its coming oil wealth. Being pretty well connected, he worked up some research and then flew to Accra for a meeting with the vice-president. He was heard out politely but at the end of his presentation his hosts politely informed him that he was too late.