The World Has Plenty Of Oil .... But ....

In Asia, a Gulf’s Worth of Oil Awaits Transport -- New York Times

ATYRAU, Kazakhstan — Even as the petroleum industry continues drilling in the Gulf of Mexico at considerable expense and risk, a single field here in Central Asia stands ready to produce two-thirds as much oil each day as the entire gulf does, with less danger to the environment.

But 30 years after its discovery, this field, known as the Tengiz, is still running at only about half speed. Blame geopolitics, not geology.

Read more ....

My Comment: This proves (once again) the point that there is a lot of oil in the world, but geopolitics has a nasty tendency to interfere with the development and flow of this valuable commodity. Think of Iran, Venezuela, Iraq .... we can now add the Central Asia to this mix.