Iraqi Oil Production
The twentieth century was the bloodiest era in history. Despite the comfortable assumption that the twenty-first will be more peaceful, the same ingredients that made the last hundred years so destructive are present today. In particular, a conflict in the Middle East may well spark another global conflagration. The United States could prevent such an outcome -- but it may not be willing to.
To the Editor:
In his article "The Next War of the World" (September/October 2006), Niall Ferguson states that Iraq's "oil production is running at just 16 percent of its prewar level because of sabotage and other problems." Actually, since the beginning of 2004, crude oil production has averaged about 1.9 million barrels per day (mbd), and crude oil exports have averaged 1.5 mbd. If we take production in 2001, which was at 2.4 mbd, as the prewar basis, then the 2004 production represents almost 80 percent -- not 16 percent -- of the prewar level.
Alan Khatib
Petroleum engineer, Amman, Jordan
Related
In the Middle East, old-fashioned balance-of-power politics are back. To successfully play the game, the United States should pay close attention to the Arab-Israeli peace process, while keeping Iran off balance.
The Gulf War has affected regional political consciousness and undermined traditional percpetions, e.g. of pan-Arab unity and of the effectiveness of oil as a weapon. Its chief impact will be to force the countries of the Middle East into realizing that they must start to define their own security interests
Of all the pressing questions facing Iraq today, perhaps the most important in the long run is what to do with the country's oil. Vast wealth from natural resources can often be a curse, not a blessing, corrupting a nation's political and economic institutions and impeding the growth of democracy. There is only one way for Iraq to resist the oil curse: by handing over the proceeds directly to the Iraqi people.
