Iraq went from producing 3.3 million barrels of oil…to about 900,000 barrels of oil per day. That’s about a 70% decrease in oil. That’s a very very large problem if 80% of your countries revenue is through oil…They don’t even have the capability to borrow money to make up the difference because…they don’t have a parliament in place. They constitutionally can’t borrow money without a functioning government …Even though this sounds like Iraq is screwed I think this is actually going to play right into their hands in a positive way because they’re being forced to find alternative methods to export their oil…land routes. :Steve
