Iraqi oil stoppage highlights challenges to economic revival

[NNN0LHI]

http://www.gulf-daily-news.com/Articles.asp?Article=58955&Sn=BUSI

A raging oil fire and pipeline faults had stopped all oil flow from Iraq to Turkey yesterday just three days after the pipeline between the two countries was reopened, the military said.

US soldiers were helping Iraqi oil workers contain a fire that had been burning since yesterday outside the northern town of Baiji on a section of the 950km pipeline from the northern city of Kirkuk to the Turkish city of Ceyhan. snip

The pipeline stoppage highlights the challenges facing the US army as it battles alongside Iraqis to keep oil flowing through a crumbling network of pipe that could spring hundreds of leaks at any moment, Nicholson said. snip

A team of Army engineers called Task Force RIO - Restore Iraqi Oil, will spearhead rehabilitation efforts, he said.

But most of the expertise would come from Kellogg Brown & Root, a subsidiary of Halliburton, a Houston-based oil field-services and construction company. Halliburton is the former company of Vice President Dick Cheney which has major contracts for reconstruction in both Iraq and Afghanistan.

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[alaine]

1. Thanks for one more puzzle piece and the link

and all the effort you put into putting news on here. I'm awed.

[NYC]

2. I read a different article about this earlier that neglected to mention

Cheney, Halliburton, and KBR.

[pfitz59]

3. Meanwhile gas has gone up 30 cents in one week!

:mad:

[Mari333]

4. as if any REVENUE from the Iraqi OIL

was EVER meant to go back into the Iraq economy! BULLSH*T...the Iraqis know it wont, hell, they dont even have electricity or water...
This gets worse and worse..
when we get BFEE OUT of office, its time to BRING THE TROOPS HOME and beg the world and the UN on hands and knees for UN peacekeeping forces...
Gads, we all knew this would happen, and no one listened.

[htuttle]

5. When I first saw the phrase 'economic revival' in the subject line

I honestly didn't know right away whether they were speaking of the Iraqi economy or that of the United States.

There's no doubt that the price of consumer petroleum will continue to go up (here in the US). Before the invasion of Iraq, we used to be able to purchase their oil. Now, nobody can have it at any price.

Even as stinking imperialists, the Bushes end up being incompetent stinking imperialists.

[samsingh]

6. up go the oil prices again

high oil prices mean inflation which means high interest rates which means bad economy.