How could Iraq become numero uno?
Remember first that the top producer is necessarily the one bringing the most out of the ground, but not necessarily the one with the most in the ground.
The WiggyLeeks dudes show us a memorandum which looks and feels like what I have said betimes, the Saudis are bloviating about the oil they think they have.
The USA bloviated about Alaskan oil reserves for years.
Business does it for pecuniary gain and power:
For example, exaggerated estimates can raise the price of an oil company’s stock. Also, a government may use inflated reserve estimates in order to enhance their political clout and their ability to obtain loans.(Project Censored). This is one of those "propaganda is not a victim-less crime" moments, because when the populace comes out of the rabbit hole to find they are not ten feet tall, somebody is going to want to hang the man behind the curtain.
Eventually learning the oil truth will bring pressure, and what would be a better feel good moment than saying Iraq's oil will save the day, see we had good reasons for saving the nation by "taking out Saddam Hussein" (a.k.a. "stealing the resources of the Iraqi people").
When the populace is told "die economically and become destitute or accept our revised view of history", which will be the operative dynamic then, the populace may go for that fantasy, and it may work to deceive the populace a bit longer.
But that policy will not end then and there will it?
Oh, and we are so corny to associate war with oil eh?
Oh, and again we are so corny to associate sanity with oil wars eh?
The next post in this series is here.