Originally posted by SLClemens
Statistics I've read are contradictory. There don't seem to be a lot of reporters interested in this. One who is, the Independent's Robert Fisk, states that he's been given contradictory figures by Bremer's spokesmen and officials he's interviewed off the record. I can't remember the exact figures, but off-the-record he was told that during the summer we were exporting about 3/4 of a million barrels a day, well below pre-war levels. Plans are to get this up to 3 to 4 million a day, but oilfields are in bad repair and pipelines are under repeated attack by saboteurs. This much oil exported by American companies at prime rates and sold in American dollars would be worth billions annaully to the US economy each year. However, for 2004 there is no way gains will come close to the $87bn investment, far more than predicted. It will take many years now before the war becomes proffitable. If European companies got the contracts to work with a nationalized Iraqi oil industry and sold in Euros, it would cost us billions annually, especially if an independent Iraq negotiated clever supply rates with OPEC. If Iraq goes into complete anarchy and exports no oil, the increased limit on supply and fears of uncertainty will increase costs for everyone. How many American lives is all this worth? We'll find out, but we know the number is already into the hundreds.