17th May 2004, 5:05 PM
Quote:It would have, but OPEC cut production.
Nope. We've gotten almost nothing out of Iraq. Why? The wells are ancient and decaying. The pipelines are old and get bombed or break. The whole infrastructure is just awful. A natural result of a decade of sanctions, but something we should have anticipated when they came up with those fantasies of shiploads of Iraqi oil freeing us from the Saudis...