Iraq oil exports hit post-war low

Oil exports from Iraq - which is estimated to have the world's second largest reserves - have hit a record post-war low, an Oil Ministry spokesman says.

Exports of crude, which had run at an average of about 1.6 million barrels per day (mbpd) since the end of the 2003 war, dropped to 1.2 mbpd in November and 1.1 mbpd in December, spokesman Assem Jihad said on Monday.

"This was due to a combination of bad weather in the Gulf" where tankers hook up at terminals to take on crude as well as to "lack of electricity" to pump the oil, he said.

Exports from the north, by way of Turkey, were also badly affected by attacks, he said.

Anti-US and anti-government fighters have targeted oil facilities because of the vital importance to the government of crude exports, which make up 97% of its revenues.
full story at:
http://english.aljazeera.net/NR/exeres/084CD2F2-8962-402D-B23B-D247FC5C54D3.htm

well here are some reasons for the increase in gas that we are seeing and will be seeing over the next 6 months... who really is profiting from these wars???

Like i said yesterday what do you think would happen if the USA or the entire world would stop buying/useing this so called "black gold/texas tea" ..."97% of its revenues"... do you think they would be any concern to the world other then they would suddenly be without any real revenue coming in...and who would suffer... the common person ...

we could always export all our call-center work over to them as well (opps.. we already do that for other countrys, well im sure we could find some job to export untill there are no REAL jobs left here)