Iraq Starts Pumping Oil Again

[DeathvadeR]

AP) Iraq began pumping crude oil from its northern oil fields Wednesday for the first time since the war — a milestone in the restoration of the country's oil production that augurs well for thirsty world markets.

Iraq sits atop the world's second-largest proven crude reserves, and oil exports are vital to its postwar reconstruction and the success of U.S. efforts to implant democracy in the country. Before the war halted Iraq's oil production, the country pumped around 2.1 million barrels a day, most of it for export.

Analysts said it was unclear how reliable the flow of oil from fields near the northern Iraqi city of Kirkuk might prove to be, but the reopening of the pipeline to Turkey's Mediterranean coast is a key step in rebuilding Iraq's oil industry.

<http://cbsnews.cbs.com/stories/2003/08/13/iraq/main568125.shtml>

[Maple]

1. Look for an

oil pipeline explosion in that area shortly.

[BJ]

2. The Iraqis will get control of the oil once the war debt's paid.

Of course by then the second largest proven oil reserves in the world will be bled dry by Halliberton, SoCal, BP/Amaco and the rest of the Bush Cartel. This is, naturally, after the IMF and the World Bank has restructured Iraq's national finances on a sound Western, capitalistic basis.

Yeah, right..........

[trapper914]

3. What about the power and the water?

Halliburton don't play dat?

[samsingh]

4. gas prices have skyrocketed

in the meantime.