Wednesday, September 19, 2007

Iraq Oil Pipeline Blown, Again, Once More, Forever.

Gunmen Blow Up Iraq's North Export Pipeline

Unknown attackers have blown up part of an Iraqi pipeline that pumps crude oil from Kirkuk oil fields to the Turkish export terminal, Ceyhan, a senior Iraqi oil official and a shipping agent said Wednesday.

The attack took place in the section of the pipeline connecting the oil-rich city of Kirkuk to the Baiji, home to Iraq's largest oil refinery. Iraq usually pumps Kirkuk crude oil to the refinery, 250 kilometers north of Baghdad, which takes what it needs before it pumps the rest to Ceyhan.

I don't know how many times I have to explain this. We will never get any significant oil out of Iraq. Not when Commandante Abdul can just walk up to any section of the hundreds of miles of pipeline or sub pumping stations and drop a couple of hand grenades. On sale now in the local market, buy 1 get 2 free. Oops, sorry. Looks like you are going to need a new high pressure oil pump. Better order one from the only local supply. Saudi Arabia. Why are we wasting money on this? A junior analyst can tell you we ain't ever going to get production up. Ever. Na ga hap-pen...