Iraq’s producing a lot of oil
Iraqi oil production is above the levels seen before the US-led invasion of the country in 2003, according to the International Energy Agency (IEA).
The IEA said Iraqi crude production is now running at 2.3 million barrels per day, compared with 1.9 million barrels at the start of this year.
It puts the rise down to the improving security situation in Iraq, especially in the north of the country.
Typically, the IEA goes on to put a lot of negative spin on things, but the core news is good. Even better is that revenue from this oil, rather than going into the pockets of Hussein and his minions, or into the pockets of corrupt UN officials, will, at least in theory, benefit the Iraqi people.
