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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (42478)	12/8/2005 8:35:12 PM
From: CalculatedRisk	Respond to of 116555

Iraq Set to Pump Less Oil Than Last Year news.yahoo.com DUBAI, United Arab Emirates - Despite President Bush's optimism on Iraq's reconstruction, the country appears set to pump less crude in 2005 than last year's disappointing showing and far less than under Saddam Hussein. The only bright spot for Iraq's oil sector, hampered by unrelenting insurgent attacks on its infrastructure, is that near-record oil prices have softened the blow by boosting export earnings. "The general integrity of Iraqi oil infrastructure appears to us to be heading backwards rather than forwards," London-based Barclay's Capital said in a report issued Thursday. <MORE in ARTICLE>