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Old 03-19-2003, 01:20 PM   #5
russotto
Professor
 
Join Date: Jan 2001
Posts: 1,788
Iraq's oil production actually hit 3.5 million barrels per day, using very old-technology techniques. This is not small, considering the #1 producer (Saudi Arabia) has a capacity of 10.5 million bbl/d -- and uses better technology.

Who said anything about removing the oil from the economy? The US-backed regime will go on producing it and selling it, continuing to provide cash for the Iraqi economy. Minus the cut for George's pals, but hey, that's probably less than Saddam & Co's cut. No need for hundreds of thousands of troops -- the people are already used to being kept down under Saddam, and a few bones thrown the way of some of the lower-level functionaries of oppression can even keep them working for the US.

The infrastructure funds come from, of course, the United States -- Bush's pals again. With their investments guaranteed by the US military, they'll be all too happy to invest in Iraqi oil.
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