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Mastering the Commodities Markets by Francesca Taylor

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Oil Reserves

The vast majority of the world’s untapped crude oil is to be found in the Middle East, with over 50 per cent of the world’s proven reserves. Areas such as West Africa and the Former Soviet Union (FSU) also hold vast reserves, as well as the continent of South America. Crude oil is also to be found all over Asia but usually in vastly smaller quantities.

Where these reserves sit is obviously a huge global political issue and we can only speculate on the reasons why dictators in Iraq are removed yet military juntas in Myanmar go untouched. We can again only stop to consider why it was so critical to remove a Libyan regime guilty of humanitarian and war crimes and genocide against its own people whilst nothing was done to intervene in ...

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