The Command Post - Iraq - Iraq Oil Output Predicted To Double Soon

May 24, 2003

Iraq Oil Output Predicted To Double Soon

The acting oil minister of postwar Iraq predicted Saturday that crude production would double within a month and oil exports would resume "within three weeks."

Thamer al-Ghadhban said Iraq was currently producing 700,000 barrels of oil a day and working hard under U.S. occupation to increase that number as quickly as possible.

"It is a matter of a few weeks, and we can reach 1.3 or 1.5 million barrels a day," al-Ghadhban said at a coalition-sponsored news conference in the capital. Prewar production under Saddam Hussein was about 3 million barrels daily.

Posted By Alan at May 24, 2003 09:17 AM | TrackBack

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Yee Haa! Gas should be 50 cents a gal soon !!!!

Posted by: AJ at May 24, 2003 10:26 AM

// Yee Haa! Gas should be 50 cents a gal soon !!!! //

Wow. You really think so? That would certainly boost our economy. Far more than our last 2 tax cuts.

Posted by: Anthony at May 24, 2003 12:22 PM

Gas will never be 50 cents a gallon in Canada, 3/4 of the cost of fuel at the pump is taxes on taxes

Posted by: Bubba at May 24, 2003 02:22 PM

Seems a little hard to fault the tax cuts for not stimulating the economy as quickly as some might like, considering that

a) tension with Iraq raised oil prices and slowed growth

b) Bush has never got to pass the sort of tax cuts he wanted--what Congress is willing to approve is half of what he asked for.

Posted by: Gabriel Hanna at May 24, 2003 04:41 PM

Hot Damn,

We'll be stealing more oil ahead of schedule.;-) Isn't that right, DanDonPTGAntony, et al?

Posted by: LaZyBoyQB at May 24, 2003 08:38 PM

I like cheap gas...

/got nothing

Posted by: Original Mark at May 24, 2003 09:51 PM

Now we know how the next presidential campaign will be fianced.

Posted by: romo at May 25, 2003 01:13 PM

// b) Bush has never got to pass the sort of tax cuts he wanted--what Congress is willing to approve is half of what he asked for. //

Didn't Bush get what he wanted the first time around?

Didn't the country lose 2 million jobs after that?

Posted by: Anthony at May 26, 2003 10:39 AM