Originally Posted by Tarball
Tarball, where do you get your info? Seriously?
First off, Iraq is a founding member of OPEC. So much for us regulating at what price they sell oil at.
Second: "Iraq’s inability to secure crude pipelines in the north has meant that exports are generally routed through the southern port of Basrah. According to IRMO/ITAO, crude oil exports have fallen from a post-war high of around 2.0 million bbl/d in 2004, to an average of 1.5 million bbl/d in 2006. However, there is some marginal improvement recently mainly due to the intermittent ability to export crude through a northern pipeline, and improved loading capabilities in Basrah. In June 2007, Iraq issued its first tender in almost six months to sell Kirkuk oil. Iraq’s oil exports are under the domain of the Iraqi parastatal State Oil Marketing Organization (SOMO). The majority of oil exports go to refineries in Asia, including China and India. ..."
So they have refused to sell their oil huh? Better hurry and tell them that. Cause looks to me like they are selling a heck of a lot, primarily to India and China.
I didn't say Iraq oil sale was 0%. Its not more then 20% of full capacity. The country must have some revenue, MY GOD.
Keep things in perspective would you please.
Once again I'm seeing its pointless to converse with people in this thread.