• Iraq: Bomb attacks force drop in oil production

    December 16, 2011

    Tags: , , ,
    Posted in: Iraq, Other Ideas

    The Iraqi Oil Ministry says production at the country’s largest oil field has been cut in half by bomb attacks on domestic oil pipelines.

    Ministry spokesman Assem Jihad said Wednesday that pumping from southern Iraq’s Rumaila field fell after Tuesday night’s two explosions to 700,000 barrels per day, down from 1.4 million barrels.

    He says that Iraq’s oil exports were not affected, and that the pipelines should be repaired in about a week. The 17.8 billion-barrel Rumaila field is being developed by Britain’s BP and China’s CNPC.

    Meanwhile, in an address to American executives at the U.S. Chamber of Commerce in Washington, Iraqi Prime Minister Nouri al-Maliki said his country offers “limitless” opportunities for American companies. Deputy Secretary of State Thomas Nides said the “robust diplomatic staff” still based in Iraq after the military withdrawal will include large economic and legal teams to work with U.S. companies operating in Iraq.

    Leon Panetta, in Baghdad today to high-five himself, without irony thanked the American soldiers present for “the remarkable progress we have seen here in Baghdad and across this country.”

    John Nagl, again apparently without irony, claimed this same day that one outcome of the Iraq War is that “We have become the most capable counter-insurgency force in history.”

    Also, was China on our side in this war? Can you trust anyone in government who uses the word “robust”? I really hope it wasn’t all about the oil, ’cause then we’ve lost twice. These people would drown in their own bs if left alone to do so.



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