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(by Riverbend, an Iraqi civilian girl)
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They went in for the oil and got stuck with an expensive mess

The oil infrastructure in place in Iraq is the same infrastructure built by the oil majors in the late 1960's and early 1970's before they were kicked out by Saddam Hussein and the Iraqi oil industry nationalized, It has never been updated. And the US government was nieve to believe that oil production could be ramped up beyond its pre-war levels. The infrastructure is not capable of increasing production.
-- Lee Raymond, CEO of Exxon Mobile

It will be years and billions of dollars will need to be invested before production can be increased significantly. The US government was also nieve to believe that revenues from Iraqi oil production would be sufficient to rebuild Iraq and its oil infrastructure.
-- Perry Arnett


posted by LoZo 4:30 PM


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