Iraq’s producing a lot of oil

This is good news:

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.

Typically, the IEA goes on to put a lot of negative spin on things, but the core news is good. Even better is that revenue from this oil, rather than going into the pockets of Hussein and his minions, or into the pockets of corrupt UN officials, will, at least in theory, benefit the Iraqi people.

11 Responses

  1. How about some of that revenue reaching those who have spent blood and treasure to bring them this far??

  2. Nah. Because the blood and treasure is part of it and the revenue will hopefully help to stabilize the country farther if it’s managed equitably. Not that I don’t expect a whole lot of corruption, because there certainly will be, but I have hope that it won’t be enough to entirely undo what might be done to usher in some semblance of equality in economic opportunity which might be built into true stability in the region.

    Their prosperity is our best reward for the investment of blood and treasure.

  3. If they can get some actual refineries going, they can supply gasoline to the entire middle east.

  4. It comes under the category of “what were they thinking?” but it seems no oil producing middle eastern nation I’ve heard of bothered with more than one refinery and, unbelievably, they import their oil products. About the first thing the Kurds started on when they could was to build an energy infrastructure so that they wouldn’t remain dependent on imports from Baghdad. It makes me wonder what the Saudis do, if they export their oil and import gasoline.

  5. After reflection, I think I agree w/Synova. I like the fact that we don’t fight wars to grab land and plant our flag and I like the thought of trying to export freedom.

  6. It comes under the category of “what were they thinking?” but it seems no oil producing middle eastern nation I’ve heard of bothered with more than one refinery and, unbelievably, they import their oil products.-Synova

    Such things are not so surprising if you believe as I do concerning the parasitism model of survival that socialism, including Hizbollah style socialism and Islamic Imperialism, is based upon. I’ve written some on that subject to Book here, also.

    It does not come as a surprise to me given that parasites always need to feed on the host, which in this case would be the West and the tradition of Greek-Roman civilization. It did come as a surprise, but that was when I still believed Ayrabia was using their oil weath for good things.

    It makes me wonder what the Saudis do, if they export their oil and import gasoline.

    They export problems. They import Western technology and skill. Sort of like a parasite.

    Technically, powerful and rich rulers don’t wish to upset the status quo. The landed aristocrats of Europe didn’t like Imperial or Monarchical power because it upset the status quo wherein the aristocrats had most of the military and economic power. Even if Imperial or Monarchical power is better for the people, the aristocrats know that it isn’t better for them. So the attempt for human unity becomes endless civil war, which ends up as a world war in the 20th century.

    Here in America, Americans actually achieved unity. Real unity, which meant real human progress.

    After reflection, I think I agree w/Synova. I like the fact that we don’t fight wars to grab land and plant our flag and I like the thought of trying to export freedom.

    There is nothing wrong with a 95% tax on Michael Moore, Reid, Soros, and Code Pink to make rich the soldiers that export and maintain such freedom, Marguerite. Nothing ethically wrong and it will be taxing the rich, dontcha know. How can you go wrong with taxing the rich?

    America has more wealth inside it than anything our soldiers could find outside it. It is much easier to created tenant farmers for the US Marine Corps and Army, with the tenant farmers being Hollywood actors, for example. 10% tax on products bought, directly to Marine Corps munitions and weapons R/D. 25% income tax on top of what they already pay. They got the millions and the Marine Corps can always use more demolitions. SEALs too.

    Squeeze them. That’s what government is for. If government doesn’t squeeze the people that should be squeezed, we get squeezed. That won’t be as good.

  7. I mean seriously. In the olden world, people would get up to shoot for the loot. But what can Americans actually loot that would translate as portable wealth? The military spends far more money on logistics and training and benefits then they could ever “loot”, even officially.

    In case people hadn’t noticed, most of the rest of the world is crap. Dirty crap at that.

  8. […] [Discuss this post with Bookworm over at Bookworm Room…] Share Article oil, Iraq, UN    Sphere: Related Content Trackback URL […]

  9. Yes, Syn – odd as it may seem that’s exactly what they do. They export the raw material, and import the finished product right back.

    This of course dates back to when they didn’t own the oil fields themselves. All the oil in the middle east was found by US and European oil exploration companies, who leased the fields. They found the oil, opened up production, built the pipelines and storage facilities, and the trans-shipping docks for the tankers to get it out.

    Why build a refinery? There was no market for it on the spot: camels don’t run on gas. They simply didn’t bother.

  10. […] want more? Fellow Webloggin contributer Bookworm reports that Iraq is producing a lot of oil… This is good news: Iraqi oil production is above the levels seen before the US-led invasion […]

  11. Iraq is producing more oil now than it did with genocidal sanctions in place that restricted oil exports to no more than enough to subsist? No duh!!

    How this would surprise anyone boggles the mind.

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