[Brad from Tennessee]

[Iraq was averaging about 2 million barrels per day production last year but ended November 2007 averaging 2.4 million bpd, largely because of northern improvements.]

By comparison Venezuela—who is not at war—produces 3.081 million bpd which is a 2005 CIA Factbook estimate. Venezuela’s output has supposedly dropped since then, for one reason, because of infrastructure deterioration.

[saganite]

I believe I read that Ven. oil production dropped about 5% in 07.