Unless you've been living under a rock, you've probably heard that ISIL has taken over a large portion of Iraq, and it has put the entire country under threat of civil war or ethnic conflict. And just like every other conflict that has happened in recent years, tons of media pundits are saying how this will hurt oil companies like ExxonMobil (NYSE:XOM) and Royal Ducth Shell (NYSE:RDS-B), which have interests in the region. The one thing not being given much coverage, though, is how much it will actually impact these companies. Looking at the production portfolio of all the big oil players, it's hard to see any of them really struggling if Iraq's oil production were to come to screeching halt.
OPEC and Russia are absolutely terrified of this game-changer
Oil and gas production from places all over the world is changing the dynamics of the market. Much of that movement has been thanks to major strides in oil and gas drilling technology, and one behind-the-scenes energy giant is at the epicenter of this movement. Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click here to uncover the name of this industry-leading stock.
The Motley Fool recommends Chevron and Total (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.