RealNews

Iraq Oil Output Lowest Since Invasion

With oil prices above $70 a barrel fouling the world economy, dismay is focusing on Iraq, whose exports have slipped to their lowest levels since the 2003 invasion. “Iraq could be making a tremendous difference,” said Dalton Garis, an economist at the Petroleum Institute in Abu Dhabi. Instead, its shortfall is “a significant contributing factor to the high price of oil,” he said. Full Story

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