Iraqi oil exceeds pre-war output

[Barrett808]

Source: BBC

Iraqi oil production is above the levels seen before the US-led invasion of the country in 2003, according to the International Energy Agency (IEA).

The IEA said Iraqi crude production is now running at 2.3 million barrels per day, compared with 1.9 million barrels at the start of this year.

It puts the rise down to the improving security situation in Iraq, especially in the north of the country.

But the IEA warned that attacks on Iraqi oil facilities remain a threat.

In southern Iraq, more than 85% of the residents of Basra believe British troops have had a negative effect on the Iraqi province since 2003, according to a BBC poll.

The survey for BBC Newsnight of nearly 1,000 people also suggests that 56% believe their presence has increased the overall level of militia violence.

Read more: http://news.bbc.co.uk/2/hi/business/7144774.stm

[texastoast]

1. How are the hospitals, libraries, and other human services doing over there?

Hope as well as the oil bidness.

[Barrett808]

2. It's strange that this story doesn't mention oil smuggling

Some unknown, but large, percentage of Basra oil is siphoned off by smugglers and militias. So these production numbers are a little dubious.

[rAVES]

3. HAHAHAHAAAHHAA!!! yea.. good one *wipes tear*

Though the dog and Pony Zone is quite safe...

[LakeSamish706]

4. And where is the revenue from these oil sales going? n/t

[Bigmack]

5. Silly! .... the revenue is paying back the US...

to offset the costs of the war. I'm not sweating all those billions that future Murikans owe for the war. Those oil revenues will pay off the debt!

Deep, dark, fiscal intended.

[LakeSamish706]

6. LOL... Yep, that about answered my question! n/t

[NickB79]

7. And it only took 4 years, 500 billion dollars and 750,000+ lives

How many bodies/gallon does that shiny new Hummer get?

[humbled_opinion]

8. Oh, Oh, I guess its time to go buy some of thos Iraqi DINAR's ..n/t

[radfringe]

9. bfd - oil 3 times higher than it was before invasion

when gas is at least back to pre-bush levels then I'll throw some confetti

[DCKit]

10. If we believed it, it would be great news`

But we don't.

At $230,000,000/day, the occupation would almost be self-sustaining.

[Karenina]

11. They figured this out

without functioning meters?

[fascisthunter]

12. Yuh and?

Seriously.... it means nothing to the majority of people in the US. Who really benefits?

[RUMMYisFROSTED]

13. Wolfie missed it by that much...

Iraq is a great success.

[Canuckistanian]

14. So that means lower gas prices, right?

After all, one of the reasons Iraq was invaded was to control ME oil, right?

So, how has the invasion actually HELPED anyone?

Anyone?