Juan Cole provides an interesting news item from Aljazeera this morning: “Almost all of the wealth generated in Iraq comes from two off-shore oil rigs. Guarding these sites is a priority, not just for war-torn Iraq, but for a world in which oil prices have touched record highs.”
Tags: Iraq, juan cole, offshore oil, oil prices, oil rigs, record highs
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August 3, 2008 at 8:53 am
geologyjoe
The new layout looks great.
Hard to belive that their $$ is only comming from two rigs.
Either that, or the oil from the two make more $$ than we could imagine.
August 3, 2008 at 11:22 am
Mardé
Thanks Joe! It’s time I made a change to that red layout.
These oil rigs are export terminals, not drilling rigs, and they get 93% of the oil from Iraq through creaky and sabotage prone pipelines across the wide Iraqi deserts. Here’s a NYT article out today, TH REACH OF WAR: MARITIME DEFENSE; 15 Miles Offshore, Safeguarding Iraq’s Oil Lifeline, that tells more about those terminals.