All's Well That Oils Well...
From the BBC (via Michael Moore):
Iraq's descent into violence, coupled with paralysis and corruption in government, has stymied efforts to rebuild the infrastructure of roads, schools, hospitals and industry.
In many cases, there is little to show for the billions of dollars spent on reconstruction since the American-led invasion in 2003.
The oil sector is a good example of what has gone wrong.
Fixing it has been seen as a high priority, as the revenues from oil exports provide the bulk of Iraqi government income and underpin the entire economy.
Yet crude production is currently still below the pre-war level.
"The Iraqi oil industry has been stuck for the last couple of years." says Manoucher Takin, an analyst at the Centre for Global Energy Studies in London.
Nothing has really changed.
"It's not that officials have done nothing. The problem is, they can't do much because of the security situation."
Iraq's descent into violence, coupled with paralysis and corruption in government, has stymied efforts to rebuild the infrastructure of roads, schools, hospitals and industry.
In many cases, there is little to show for the billions of dollars spent on reconstruction since the American-led invasion in 2003.
The oil sector is a good example of what has gone wrong.
Fixing it has been seen as a high priority, as the revenues from oil exports provide the bulk of Iraqi government income and underpin the entire economy.
Yet crude production is currently still below the pre-war level.
"The Iraqi oil industry has been stuck for the last couple of years." says Manoucher Takin, an analyst at the Centre for Global Energy Studies in London.
Nothing has really changed.
"It's not that officials have done nothing. The problem is, they can't do much because of the security situation."
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