OIL AND NATURAL GAS who has it

Source: The Economist

The major overriding reality is that most of the world's resources are on the continent of Eurasia.

It is also worth noting that 70% of the resources are in the Muslin world and that there is little doubt that part of the wealth is fueling the current global religious confrontations.

When natural gas is included Russia is number one. This gives them a strangle hold for their natural gas on their former Soviets and on Europe to the West.

They are also tieing in to China and Japan in the east with oil pipelines. It is inherent this trade will finance the purchase of Russian weapons.

Saudi Arabia will continue as the world largest producer of oil. The huge pools of capital with continue to purchase assets in the west and finance the Wahabi muslins with their mischief world wide including Iraq.

Iran at No. 3 is a force that cannot be ignored. Much to the disapproval of the U.S. they are going ahead tieing in their natural gas by pipelines to India and Pakistan. China is also coming forward with large financing in oil. (finaced by their trade surplus dollars with U.S.)

Some of Iran's wealth is used to finance Hamis and other terrorism in Iraq and elsewhere.

The biggest building boom in the world is now in the United Arab Republic with one third of the world's building cranes in action. It is stunning to realize that this is going on at a time when the other end of the Gulf Iraq is in the throws of near civil war.

Iraq has the resources to triple production but is crippled by the current internal turn oil and slaughter. Sober up and they could rival prosperity of the UAR.

Production in the United States peaked in the 1970's. It are now being crippled by their addiction to oil over half of which they import.