Tuesday, May 10, 2005

Another casualty of the insurgency

The insurgents are not only killing people, they are affecting the production of oil in Iraq. In the first quarter of this year, daily production was a little over 1,800,000 barrels a day. In the last half of 2004, it was 2,000,000. Pre “Iraqi Freedom” it was 2,500,000 barrels a day. So, since the war production has declined more than 25%. Just another reason why you’re paying so much for gas and another cost of this war.

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