With the historic Arab League conference in Baghdad postponed for a second time, one might be forgiven for thinking that things were looking rather gloomy in Iraq.
But the delays have more to do with turmoil outside Iraq, and while there are major challenges within the country, the recent news of oil finds and increased estimates of oil reserves tells a far more positive story.
“Kurdistan is a place that’s never been explored … it’s like walking into Alberta 100 years ago. You actually have giant anticlines on the surface seeping oil; it’s kind of like the Beverly Hillbillies, you go out there and there’s oil seeping out of the ground. From a geologic standpoint it’s about as easy as it gets.”
It would be hard to find a clearer endorsement than that.