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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (39038)10/12/2005 1:18:11 PM
From: mishedlo  Read Replies (2) of 116555
 
Mission Accomplished
A job well done.

Iraq oil output falls behind pre-war levels

Iraq's oil production has fallen below prewar levels to its lowest point in a decade, depriving the country's fledgling government of badly needed income and preventing the United States from achieving one of its main reconstruction goals.

Iraq's oil wells, beset by equipment problems and saboteurs, are producing about 1.9 million barrels a day in net production, lower than the 2.6 million they were producing just before the 2003 U.S.-led invasion, according to the London-based Centre for Global Energy Studies.
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