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To: Graybeard58

Maybe this is the reason?

Monday June 26, 6:42 AM
Iraq's oil production back above 2.5 million barrels a day: minister
Iraq's oil production is now over 2.5 million barrels a day, a record since the fall of Saddam Hussein, the country's oil minister said.

Oil Minister Hussein Shahristani said on US television that Iraq hoped to be producing 4.3 million barrels by 2010 and to be challenging Saudi Arabia as the world's largest producer by 2015.

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Production was about 2.5 million dollars a day when President Saddam Hussein was deposed by US-led forces in 2003. It then collapsed to virtually nothing and has been slow to rebuild because of insurgent attacks and other problems.

In an interview with CNN television, Shahristani emphasized that only one month and three days after the Iraqi government took office "we have been able to break a record".

"Today's oil production was in excess of 2.5 million barrel a day. And that's a record since the fall of Saddam's regime in April 2003," he told CNN's "Late Edition" programme.

He said Iraq hoped to increase production to 2.6-2.7 million barrels by the end of the year, to 4.3 million barrels by 2010, which would be a new all-time record for Iraq. The minister said Iraq's highest oil production was 3.5 million barrels a day.

"Our ultimate aim is to reach more than six million barrels a day, hopefully by 2012.

"And needless to say, Iraq holds one of the largest reserves of oil and gas in the world, and we are determined to prove it has the largest world reserve."

The oil minister said that by 2015, Iraq could challenge Saudi Arabia as the world's largest oil producer.


Maybe this is why Iran wants to stop it?

Pray for W and the 13 in the Copter


29 posted on 01/20/2007 9:09:55 AM PST by bray (Redeploy to Iran)
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To: bray

The Saudis are behind this. They feel threatened by Iran. (Shia Vs. Sunni) This will seriously hurt Iran very much. Iran is under heavy Sanctions and they operate their country with Oil revenues pretty much exclusively.

Notice all the latest turmoil over the dissatisfaction the Iranian government is having over their President? The plan seems to be working and I'm all for it.


39 posted on 01/20/2007 9:24:15 AM PST by PSYCHO-FREEP (Show me a 'true' Conservative and I'll show you someone with bad knees)
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