Iraq Set to Pump Less Oil Than Last Year

[Barrett808]

Iraq Set to Pump Less Oil Than Last Year
By JIM KRANE, Associated Press Writer

DUBAI, United Arab Emirates - Despite President Bush's optimism on Iraq's reconstruction, the country appears set to pump less crude in 2005 than last year's disappointing showing and far less than under Saddam Hussein.

The only bright spot for Iraq's oil sector, hampered by unrelenting insurgent attacks on its infrastructure, is that near-record oil prices have softened the blow by boosting export earnings.

"The general integrity of Iraqi oil infrastructure appears to us to be heading backwards rather than forwards," London-based Barclay's Capital said in a report issued Thursday.

The attacks have made it all but impossible to attract foreign expertise needed to rejuvenate Iraq's rusty oil infrastructure, drill new wells or take any number of steps toward increasing production or exports.

Legal disputes between Iraq's provinces and central government about ownership of oil is also keeping investors away, said Jamal Qureshi, an oil analyst with PFC Energy in Washington.

"Iraq has a lot of potential, but lots of things have to go right," Qureshi said. "We see no sign of that happening."

(more)

http://news.yahoo.com/s/ap/20051208/ap_on_re_mi_ea/iraq_oil

[Ezlivin]

1. Saddam's management of the oil fields may have damaged them

By pumping too hard an oil field can be damaged and will never produce at the same rate again.

http://www.antiwar.com/engelhardt/?articleid=7352

[gWbush is Mabus]

2. maybe Cheney wants to control and actually LIMIT the supply of oil

[demigoddess]

3. has anyone else noticed? There have been a number of gas stations

in my area that have closed and now are just a bare lot. they are on busy corners and did a lot of business in the past, and they are not being replaced.

[Moderator]

4. kick

[sabra]

5. Iraqis likely to produce less oil in '05

http://www.charleston.net/stories/?newsID=57942§ion=business

Iraqis likely to produce less oil in '05
Associated Press


DUBAI, United Arab Emirates - Despite President Bush's optimism about Iraq's reconstruction, the country appears set to pump less crude in 2005 than last year's disappointing showing and far less than under Saddam Hussein.

The only bright spot for Iraq's oil sector, hampered by unrelenting insurgent attacks on its infrastructure, is that near-record oil prices have softened the blow by boosting export earnings.

"The general integrity of Iraqi oil infrastructure appears to us to be heading backwards rather than forwards," said London-based Barclay's Capital in a report issued Thursday.
...

"It's another disappointing year," said Sharif Ghalib of Energy Intelligence Research in New York.

Analysts say 2006 looks just as gloomy, although some predicted it would show an improvement.

[MadisonProgressive]

6. Surpraaahse, surpraahse!! (Gomer)

[stlsaxman]

7. So, less oil out of Iraq thru "regular" pipelines...

that must mean more oil going out thru Haliburton's pipelines.

[Deja Q]

8. Bingo. This is "peak oil".

Not the one being hyped. But a ersatz reduction of supply.

They want us exterminated.

[Yo_Mama_Been_Loggin]

9. * can't get nothing right

He told the Iraqis not to destroy their oil facilities and they didn't. But the f***head well paid contractors don't know how to pump the oil out.

[AntiFascist]

10. Iraq's oil production declines this year, though high prices soften the bl

http://www.nctimes.com/articles/2005/12/09/business/news/16_31_3912_8_05.txt


DUBAI, United Arab Emirates -- Despite President Bush's optimism on Iraq's reconstruction, the country appears set to pump less crude in 2005 than last year's disappointing showing and far less than under Saddam Hussein.

The only bright spot for Iraq's oil sector, hampered by unrelenting insurgent attacks on its infrastructure, is that near-record oil prices have softened the blow by boosting export earnings.

"The general integrity of Iraqi oil infrastructure appears to us to be heading backwards rather than forwards," London-based Barclay's Capital said in a report issued Thursday.
<snip>

[JoFerret]

11. That suits the Saudis then

Thanks BushCo.

[Fovea]

12. The Emporer has declared

that the spice must flow!

What's wrong with those damn Harkkonens anyway?

[AntiFascist]

13. that floating fat man....Karl Rove nt

[radfringe]

14. so much for Iraqi oil revenues

paying for the war and reconstruction....

but wait there's more --- Invade IRAN, be showered with flowers, let the oil flow, dancing in the streets, rejoice rejoice :eyes:

any bets on when bush* will invade Iran next? or will it be Syria? or both?