| Topic: |
Religions > Atheism |
| User: |
"Fred Stone" |
| Date: |
16 Dec 2007 07:42:51 PM |
| Object: |
Still more of that Yangie-pwn3d Good News From Iraq |
Yeah, Iraq's just a failure all around, huh Yangie-pwn3d? Even the BBC is
reporting good news for a change.
http://news.bbc.co.uk/2/hi/business/7144774.stm
Iraqi oil exceeds pre-war output
Iraq's oil infrastructure appears to be getting back on track
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.
Sabotage attacks
In its latest monthly Oil Market Report, the IEA puts the Iraqi increase
in production down to improved security on the main oil pipeline from
Iraq's northern oilfields to the port of Ceyhan in Turkey.
In recent years this pipeline has been out of action for long periods due
to sabotage attacks.
Since the summer there has been a marked downturn in all forms of
violence in Iraq.
Analysts point to a number of reasons for this, ranging from the big
increase or "surge" in American troop numbers in Baghdad, to Sunni
militant groups turning against former al-Qaeda allies.
British forces are due to hand control of security in Basra province to
Iraqi forces on Sunday.
The security improvements in Iraq are leading to all sorts of dividends
in the country, some of which could be enormously lucrative, said BBC
correspondent Crispin Thorold in Baghdad.
Iraq has the third-largest proven oil reserves after Saudi Arabia and
Iran, but exports plummeted in the face of the insurgency that flared up
following the US-led invasion.
Separately, the IEA said world oil demand would grow faster in 2008 than
had previously been expected.
Saying markets were proving resilient to near record-high prices due to
continuing strong global demand, the IEA now expects oil demand to
increase by 1.2 million barrels per day, 200,000 bpd higher than the
previous forecast.
The Paris-based IEA represents the world's largest oil consuming nations.
--
Fred Stone
aa# 1369
"The magnitude of applied anthropogenic total forcing compensates for the
model sensitivity." - IPCC Report
.
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