Iraq Benefiting From High Oil Prices

Font Size By Associated Press
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M50o93H7pQ09L8X1t49cHY01Z5j4TT91fGfr Iraq Benefiting From High Oil Prices
Published: Mon, June 02, 2008 - 10:28 pm
Last Updated: Monday, June 02, 2008 - 10:35 pm
Iraq is producing and exporting a lot more oil.
The country's Oil Ministry says both production and exports are
at their highest level since the U.S.-led invasion in March of
2003.
A spokesman tells The Associated Press that Iraq's exports
reached 2.11 million barrels a day in recent weeks, and that total
output reached 2.5 million barrels a day.
Iraq is hoping to boost oil output to 3 million barrels a day by
the end of 2008, and 4.5 million barrels a day by the end of 2013.
If crude oil prices remain high, Iraq is hoping to earn about 70
billion dollars in oil revenues this year.

kctenac16 we have our own we could be exporting and making money putting more amerians to work with good jobs while meeting our own demand

Posted by rosepetal on 06/03/08 - 5:53 pm • Report Abuse   

i agree. or we should just take iraq’s oil and use it for our own use.

Posted by kctenac16 on 06/03/08 - 10:56 am • Report Abuse   

we should be doing the same thing

Posted by rosepetal on 06/03/08 - 9:30 am • Report Abuse   


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