... there’s apparently a lot of Kurdish oil disappearing, which makes sense given the legal fights over who owns it (not to mention US selectivity about when to enforce national rights, as we have in Libya of late, and when not to, as we’re apparently not in Iraq).
Still, the prospect of buying and selling Kurdish oil off the books sure would free up money for other purposes (especially given Hunt Oil’s involvement in Kurdish drilling, which happened with a great deal of winking and nodding).
"... A tanker near Texas loaded with $100 million of disputed Iraqi Kurdish crude has disappeared from satellite tracking, the latest development in a high stakes game of cat-and-mouse between Baghdad and the Kurds.The AIS ship tracking system used by the U.S. Coast Guard and Reuters on Thursday showed no known position for the United Kalavrvta, which was carrying 1 million barrels of crude and 95 percent full when it went dark.Several other tankers carrying disputed crude from Iran or Iraqi Kurdistan have unloaded cargoes after switching off their transponders, which makes their movements hard to track..."
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