Article

2012-07-03 Iraq

Iraq's oil revenues drop by 17.6 percent in June

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Posted by trailing wife 2012-07-03 00:10|| || Front Page|| [1 views ] Top

#1 Increased production, coming up. Diverting more to domestic consumption would imply more refinery capacity online.

Posted by crosspatch 2012-07-03 01:54|| 2012-07-03 01:54|| Front Page Top

#2 While the country certainly needs the exchange, meeting its domestic needs without having to import refined products (as Iran has to do) would be a good thing. Also a good thing if the folks in Iraq learn that the oil teat is dangerous, and that they should diversify not only their economy, but their culture.

Posted by Steve White 2012-07-03 15:01|| 2012-07-03 15:01|| Front Page Top

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