Once again, it is not just who owns the Oil, but who controls the "Flow" of oil to the world.
See the latest reports on Turkey's plan to invade Northern Iraq and how it affects the price of crude.

"Turkey and its decades-long fight with Kurdish separatists boiled over into the energy markets this week, sending world crude-oil futures to record highs.
Neither Turkey nor the rebel Kurdistan Workers Party (PKK) owns any oil."

A current article is very insightful.
MarketWatch


Turkey continues to become the major energy hub for the EU and the US.


In the Book, chapter 37, specifically pages 238-239, the premise put forth is that Turkey will become the strategic energy hub for most of the world.
UPDATE - August, 2007

In the Epiphany Deception, the importance of the BTC Pipeline that goes through Turkey is becoming a vital link to global energy. A current article is very insightful.
Turkish Daily

Brief:
"Oil exports from Baku-Tbilisi-Ceyhan reach 26.1 mln tons in 14 months. Nearly 26.1 million tons of oil was exported in 14 months through. Baku-Tbilisi-Ceyhan (BTC) crude oil pipeline, which constitutes the most critical leg of the East-West energy corridor. Can Hulusi Suphi, BP's Exploration & Production Director for Turkey, stated that the rapidly growing need for energy in the globalizing world shaped not only the economies but also the political strategies of the countries. Suphi underscored that BTC pipeline's importance could be perceived better when looked from this perspective.



A recent article in the Turkish Weekly is worth reading. more