Iraq is falling apart but US Oil Production hits a post-1986 record

The turmoil in Mosul threatens to upend some of Iraq’s oil production. Most of Iraq’s oil is located in the south near Basra, but there are significant oil fields near Mosul, as well as in nearby Kurdistan. Perhaps more importantly, the fighting in Mosul has brought to a standstill the repairs to Iraq’s main oil pipeline to Turkey

The violence in Iraq could threaten future investment in the country, which has plans to triple its oil production by the end of the decade. The phenomenal level of investment required to achieve such a feat will not happen in a country suffering from severe violence.

OPEC’s second largest oil producer is in severe disarray just as the world has come to rely upon Iraq for greater energy supplies.

Iraq is facing its biggest security threat in years following a surprise attack by Sunni militants on Mosul.

US Crude oil production has hit another post 1986 production record of 8.46 million barrels per day

13.4 million barrels per day of all oil liquids production
11.25 million barrels per day of natural gas liquids and crude oil production

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