Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:36 PM

GasBuddy News Article

53
votes
Iraq oil production surpasses Iran

NEW YORK (CNNMoney) -- Oil production in Iraq surpassed that of its regional rival Iran last month, highlighting the impact of continued investment in Iraq and Western sanctions on Iran.

Iraqi oil production inched over the 3 million barrel a day mark in July, according to numbers released Friday by the International Energy Agency. That's 300,000 barrels per day higher than the country's average output in 2011.

IEA said much of July's increase was due to the opening of a new offshore tanker-loading facility in the Persian Gulf.
Oil production in the country has been slowly but steadily climbing since the end of the war as the Iraqi government and partners such as Exxon Mobil,, Chevron, and Total work to repair existing fields and hunt for new sources. With oil prices around $90 per barrel, Iraq's production..


Read the Full Article

Submitted Aug 11, 2012 By: 1studman
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Iraq oil production surpasses Iran Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:5,280
Points:1,331,395
Joined:Mar 2011
Message Posted: Aug 12, 2012 12:54:24 AM

Hopefully good for their citizens - let's see if it's good for our citizens.
Profile Pic
nightworker998
Champion Author Maryland

Posts:2,739
Points:950,470
Joined:Mar 2009
Message Posted: Aug 11, 2012 11:59:06 PM

That what happens when the terrorists stop sabotaging the works.
Profile Pic
Vette1967
Champion Author Albany

Posts:8,550
Points:1,876,845
Joined:Jun 2009
Message Posted: Aug 11, 2012 11:57:48 PM

It's a good start to help rebuild their country. Maybe this time they will pass some of the profits down to its citizens.
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,936
Points:1,574,480
Joined:Jun 2005
Message Posted: Aug 11, 2012 11:54:20 PM

Now if we just keep the terrorists from attacking the pipelines.
Profile Pic
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:776,835
Joined:Dec 2010
Message Posted: Aug 11, 2012 11:45:17 PM

Cool
Profile Pic
stratlinetime
Champion Author Kalamazoo

Posts:4,869
Points:1,164,420
Joined:Feb 2011
Message Posted: Aug 11, 2012 11:44:36 PM

Ok
Profile Pic
N4PIP
Champion Author Miami

Posts:2,643
Points:993,935
Joined:Jan 2012
Message Posted: Aug 11, 2012 11:41:50 PM

Can we take the profits and begin to pay down the U.S. national debt that Bush created from his occupation of Iraq?
Profile Pic
rxman1
Champion Author Toledo

Posts:12,291
Points:2,461,120
Joined:Nov 2007
Message Posted: Aug 11, 2012 11:39:43 PM

Loer cost oil
Profile Pic
CAroadrunner101
Champion Author California

Posts:4,288
Points:1,883,725
Joined:Mar 2009
Message Posted: Aug 11, 2012 11:37:16 PM

so...
Profile Pic
Agarre
Champion Author Richmond

Posts:1,785
Points:375,915
Joined:Feb 2012
Message Posted: Aug 11, 2012 8:04:01 PM

Good for us
Profile Pic
ktbaeohana
Champion Author Las Vegas

Posts:4,441
Points:977,425
Joined:Mar 2010
Message Posted: Aug 11, 2012 4:04:08 PM

watch and see.
Profile Pic
leeac
Champion Author Ohio

Posts:4,200
Points:1,034,290
Joined:Jan 2012
Message Posted: Aug 11, 2012 2:09:46 PM


So I guess now we get paid back for our investment of blood and money in Iraq.
Profile Pic
Night Owl
Champion Author Toronto

Posts:10,050
Points:2,382,350
Joined:Jul 2004
Message Posted: Aug 11, 2012 1:50:45 PM

Good, Iraqi oil can replace the oil from those Iranian crybabies.
Profile Pic
leemun
Champion Author Utah

Posts:8,203
Points:1,634,180
Joined:May 2010
Message Posted: Aug 11, 2012 12:38:03 PM

Could this stastic be the result of decreased production in Iran because of the embargo?
Profile Pic
sljbc475
Champion Author Tucson

Posts:6,778
Points:1,469,500
Joined:Dec 2010
Message Posted: Aug 11, 2012 12:29:50 PM

Glad to see Iraq back in the oil business at levels before the war.
Profile Pic
BudsterMO
Champion Author Kansas City

Posts:6,201
Points:1,277,130
Joined:Aug 2009
Message Posted: Aug 11, 2012 12:20:29 PM

It looks like Iran is turning into North Korea. They have produced a 1% upper military / religious class and a 99% poor remainder.
Profile Pic
jjjleblanc
Champion Author Rochester

Posts:8,408
Points:2,114,545
Joined:Jun 2008
Message Posted: Aug 11, 2012 12:05:25 PM

Iraq has a bigger pool of buyers with ability to pay.



[Edited by: jjjleblanc at 8/11/2012 1:06:22 PM EST]
Profile Pic
iagdboy
Champion Author Albany

Posts:2,042
Points:992,430
Joined:Jun 2011
Message Posted: Aug 11, 2012 12:02:02 PM

yippee
Profile Pic
ted4636
Champion Author Cleveland

Posts:6,083
Points:2,219,035
Joined:Jun 2007
Message Posted: Aug 11, 2012 11:13:56 AM

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Profile Pic
DblChek
Champion Author San Antonio

Posts:3,414
Points:875,935
Joined:Jul 2008
Message Posted: Aug 11, 2012 11:07:59 AM

Sorry, still don't trust anyone over there.

[Edited by: DblChek at 8/11/2012 12:09:20 PM EST]
Profile Pic
playtimeCLE
Champion Author Cleveland

Posts:11,094
Points:2,135,160
Joined:Nov 2008
Message Posted: Aug 11, 2012 11:07:33 AM

So what does that even tell us? Iraq was in the same spot Iran is 20 years ago...
And is that including Kurdish oil?



[Edited by: playtimeCLE at 8/11/2012 12:09:42 PM EST]
Profile Pic
AC-302
Champion Author Los Angeles

Posts:31,074
Points:3,445,045
Joined:Aug 2004
Message Posted: Aug 11, 2012 11:04:20 AM

We need a pipeline going West or South to export that oil. If we could do that, possibly through Turkey or Saudi Arabia and the Emirates, we could possibly bypass the Gulf, and neutralize Iran's threats.
Profile Pic
CollegeMan21
Champion Author Colorado

Posts:1,028
Points:680,190
Joined:Sep 2006
Message Posted: Aug 11, 2012 11:00:36 AM

Good for Iraq, now they better be our friends forever.
Profile Pic
gasper
Champion Author Edmonton

Posts:6,747
Points:1,911,900
Joined:Mar 2002
Message Posted: Aug 11, 2012 11:00:04 AM

It would be nice if the Shiite and Sunni people could share the wealth in the area and stop killing each other.
Profile Pic
BrucePen
Champion Author Ontario

Posts:8,465
Points:1,811,050
Joined:Sep 2008
Message Posted: Aug 11, 2012 10:58:30 AM

Good news.
Profile Pic
RBob
Champion Author Portland

Posts:4,646
Points:2,874,780
Joined:May 2004
Message Posted: Aug 11, 2012 10:57:33 AM


Sure hope they are investing it wisely and maybe it will stop the foreign aid we are sending to them. My trust level is not super high.

Profile Pic
Digger52
Champion Author Chicago

Posts:4,844
Points:1,440,455
Joined:Aug 2008
Message Posted: Aug 11, 2012 10:57:20 AM

OK
Profile Pic
rwrMO
Champion Author Missouri

Posts:2,546
Points:581,170
Joined:Jun 2011
Message Posted: Aug 11, 2012 10:54:50 AM

wish our production stayed here to help our prices at the pump.
Profile Pic
bullfrog42
All-Star Author Texas

Posts:980
Points:248,795
Joined:May 2011
Message Posted: Aug 11, 2012 10:54:30 AM

I hope they use some the profits to rebuilt land
Profile Pic
northeast2
Champion Author New York

Posts:3,849
Points:1,007,425
Joined:Mar 2008
Message Posted: Aug 11, 2012 10:54:18 AM

How about selling it to the USA at $40/bbl?
Profile Pic
WeasleyOC
Champion Author Orange County

Posts:5,652
Points:1,398,710
Joined:Jul 2008
Message Posted: Aug 11, 2012 10:51:16 AM

Okay.
Profile Pic
flatrock14
Champion Author Michigan

Posts:4,560
Points:1,343,535
Joined:Oct 2010
Message Posted: Aug 11, 2012 10:51:14 AM

i know some one cares
Profile Pic
bridgerunner
Champion Author Virginia

Posts:9,534
Points:1,605,860
Joined:Jul 2009
Message Posted: Aug 11, 2012 10:48:27 AM

Good for them!
Profile Pic
mossimo36
Champion Author St. Louis

Posts:37,056
Points:1,097,825
Joined:Sep 2011
Message Posted: Aug 11, 2012 10:48:24 AM

The world needs their oil to offset the Iranian idiots
Profile Pic
ILANGE9
Champion Author Illinois

Posts:10,188
Points:2,188,560
Joined:Sep 2008
Message Posted: Aug 11, 2012 10:45:38 AM

How about Iraq paying us bad? After all, if not for us and all allies they'd still be under Saddam's control. The Iragis used us and now it's time they pay up.
Profile Pic
nehemiah
Champion Author Portland

Posts:6,333
Points:1,410,455
Joined:Jul 2007
Message Posted: Aug 11, 2012 10:43:05 AM

good job Iraq, all started by President Bush for they are on their way to a better life
Profile Pic
FocusGuy
Champion Author Seattle

Posts:9,572
Points:1,995,475
Joined:Apr 2009
Message Posted: Aug 11, 2012 10:42:13 AM

snuf Iran. it'll be good
Profile Pic
red5529
Champion Author Alabama

Posts:6,643
Points:2,049,840
Joined:Mar 2008
Message Posted: Aug 11, 2012 10:42:11 AM

Some one has to make up for what Iran isn't being allowed to sell.
Profile Pic
memo81
Champion Author St. Louis

Posts:5,018
Points:1,044,150
Joined:Feb 2012
Message Posted: Aug 11, 2012 10:42:03 AM

Good job Iraq.
Profile Pic
bbreff
Champion Author Atlanta

Posts:12,403
Points:3,164,930
Joined:Jun 2005
Message Posted: Aug 11, 2012 10:41:18 AM



BIG DEAL

Profile Pic
mplato
Champion Author Columbia

Posts:10,686
Points:2,389,120
Joined:Jun 2004
Message Posted: Aug 11, 2012 10:41:01 AM

should have years ago...why is obummer still letting iran to pump after all his bellowing
Profile Pic
tc316
Champion Author Twin Cities

Posts:13,276
Points:2,309,415
Joined:Apr 2007
Message Posted: Aug 11, 2012 10:39:38 AM

Good for?????
Profile Pic
essel
Champion Author Virginia

Posts:5,013
Points:1,589,675
Joined:Nov 2007
Message Posted: Aug 11, 2012 10:39:30 AM

OK
Profile Pic
no_monkey2002
Champion Author Tallahassee

Posts:8,872
Points:2,166,670
Joined:Mar 2006
Message Posted: Aug 11, 2012 10:37:58 AM

DRILL BABY DRILL
Profile Pic
Pramodsharma
Champion Author Richmond

Posts:4,479
Points:972,685
Joined:Feb 2012
Message Posted: Aug 11, 2012 10:35:23 AM

Will this have some impact on end users price for Gas? It won't at this stage but have when production will drop as an excuse for gas price rise.
Profile Pic
jimgraham
Champion Author Akron

Posts:12,982
Points:2,580,670
Joined:Oct 2007
Message Posted: Aug 11, 2012 10:31:09 AM

Pump it up! Ship it out.
Profile Pic
tatker
Champion Author Asheville

Posts:4,398
Points:1,077,755
Joined:Dec 2010
Message Posted: Aug 11, 2012 10:24:15 AM

So why r prices going up?
Profile Pic
CISA
Champion Author Orange County

Posts:7,878
Points:1,857,520
Joined:Dec 2006
Message Posted: Aug 11, 2012 10:16:17 AM

more oil = lower prices, except in BHO's fantasy land
Profile Pic
skinsfan125
Champion Author Virginia

Posts:2,638
Points:623,575
Joined:Jul 2010
Message Posted: Aug 11, 2012 10:11:16 AM

b.s.
Profile Pic
firefly09
Champion Author San Diego

Posts:4,261
Points:1,133,835
Joined:Mar 2009
Message Posted: Aug 11, 2012 10:10:16 AM

Lets just use our own oil. We have plenty.
Post a reply Back to Topics