There's been a lot of discussion on the blog of late about the health of the Iraqi economy of late. Well here's the tough numbers, folks:
BAGHDAD (Reuters) - Iraq's oil exports hit their lowest level since the war, according to figures released on Monday, heightening a sense of crisis as fuel supplies grow scarce and political leaders struggle to form a government. Iraq exported 1.1 million barrels per day (bpd) of oil in December, a senior official said -- less than any month since exports resumed in mid-2003 after the U.S. invasion and about half the level seen during sanctions under Saddam Hussein. Sabotage is damaging plants and blocking investment, keeping exports at a fraction of targets officials say should be met if Iraq's vast reserves are to provide its people with the prosperity that might draw the sting of civil conflict.
BAGHDAD (Reuters) - Iraq's oil exports hit their lowest level since the war, according to figures released on Monday, heightening a sense of crisis as fuel supplies grow scarce and political leaders struggle to form a government.
Iraq exported 1.1 million barrels per day (bpd) of oil in December, a senior official said -- less than any month since exports resumed in mid-2003 after the U.S. invasion and about half the level seen during sanctions under Saddam Hussein.
Sabotage is damaging plants and blocking investment, keeping exports at a fraction of targets officials say should be met if Iraq's vast reserves are to provide its people with the prosperity that might draw the sting of civil conflict.
Bush needs to do something, fast. He's the one in charge.
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