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Iraq's Energy Sector Is Moving Forward – With or Without the U.S.

By , Managing Editor, Money Morning -

Iraq on Wednesday broke the record - 207 days - for the time between a parliamentary election and the formation of a government. But while Iraq's government is at a standstill, the country's energy sector remains dynamic and U.S. companies can't afford to wait for the political climate to thaw before diving in.

Iraq is slowly retaking the shape of one of the world's most prolific oil producers. Its reserves are actually 25% larger than previously thought.

"Iraq's oil reserves which are extractable are 143.1 billion barrels," Hussein al-Shahristani, Iraq's oil minister, said earlier this week, basing his comments on data provided by Organization of Petroleum Exporting Countries (OPEC).

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Gasoline-Price Forecasting: What Sam the Gas Station Owner Knows That We Don't

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

What started out as a routine fill-up at the service station that I frequent has turned into a solid gasoline-price-forecasting model that should spotlight the most-imminent profit opportunities.

Of course, it wouldn't have happened without Sam.

Sam runs a gasoline station 12 miles from my house, in a little, out-of-the-way, suburban town. We have formed a friendship, of sorts, through the years. He's one of the few people I run into on a regular basis who does not ask me where gasoline prices are headed.

He already knows.

To find out how Sam's pricing prescience can mean profits for you, please read on...

Money Morning Mailbag: BP Stuck in Oil Spill Spotlight While Others Downplay Disasters

By , Associate Editor, Money Morning -

The BP PLC (NYSE ADR: BP) oil spill disaster has shone a spotlight on oil industry pollution. While BP takes the brunt of public anger, no oil company has escaped the wrath of critics who are eager to expose an industry they feel shortcuts safety standards for profit.

Comments from readers with first-hand industry experience continue to pour into Money Morning's Mailbag, sharing their thoughts on the oil industry's operations.

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