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The progress in Iraq is still fragile. And it could still be reversed. Iraq still faces innumerable challenges, and they will be evident during what will likely be a difficult process as the newly elected Council of Representatives selects the next prime minister, president, and speaker of the council. ↗
I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises. ↗