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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You're sitting at a gate in an international airport (as I am now) and, just as a parlour game, you're looking for the transparency constituency among your fellow passengers in oil-producing country X. There are two people from that country sitting straight opposite you on the seats, grimacing through the barely intelligible announcements of delayed boarding: a young professional man, designer glasses, well dressed, maybe an arty beard, fiddling with laptop. You hear him chatting with a friend in fluent accented English on his mobile, talking about who did what on Facebook, then another call where he promises to send a document by email on arrival.