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Kirkuk has plenty of "easy-to-extract" oil, hence, #waronislam

Why energy prices are ultimately headed lower; what the IMF missed | Our Finite World: "It takes energy to make goods and services.It takes an increasing amount of energy consumption to create a growing amount of goods and services–in other words, growing GDP.This energy must be inexpensive, if it is to operate in the historical way: the economy produces good productivity growth; this productivity growth translates to wage growth; and debt levels can stay within reasonable bounds as growth occurs.
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