Iran Oil Wealth Over Iran & Venezuela

Submitted by DENNIS ALLEN DURKOP (United States), Feb 11, 2017 at 23:15

I would like to make a comment about Iraq! Iraq should be much richer country than Iran with the world's second largest oil reserves after Venezuela! The Iranians gave to much oil rights to the foreign oil companies especially China substantially undercutting themselves by not taxing it high enough. Money is power as the Iraqi government has weakened itself by making very bad hasty trade deals many years ago keeping their standard of living substantially lower than it should be! Iraq could produce probably as much oil if not more than Saudi Arabia flooding the market and if Venezuela ever does could produce twice as much or more!

The communist regime is consolidating power using the excuse of low oil prices for their smoke screen! The Venezuela government never went after the $3.0 billion the former President left his daughter in offshore secret bank accounts! And finally both Iran and Saudi Arabia want to keep Iraq weak economically, as its oil reserves are a serious financial threat!!!

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