Thursday, September 27, 2012

Iraq is Now Producing More Oil Than Iran


Because of the tragedy that is the two earthquakes that struck the world and the industries of Iran, Iraq is now taking the place of this economy and it seems as if they have always wanted to beat Iran out of their oil industry.

Iraq is now producing more oil than Iran and this is not a good thing at all.  Now that Iraq has faced the challenge that they have to face and Iraq has made sure that they would have to make some adjustments when it comes to their oil production now that more countries would look at them over Iran, what will happen next after this tragedy?  Will Iran ever be able to produce the oil demands of China and India?

Right now, it is clear that Iraq has taken the place of Iran producing more than 3.2 million barrels per day. According to Hussein al-Shahristani, the deputy prime minister of Iraq’s energy department, “Oil production is now at 3.2 (million bpd), higher than other countries like Iran, the United Arab Emirates and Kuwait.”

This reality is a fact that Iran and its government would have to address sooner than later.  People need to know that they would have to realize that they need a way for them to make sure that even if they are hurting after the death toll that has reached hundreds if not thousands of people, their economy is deteriorating and the oil demands of China and India will not wait for them to pick up all of the pieces of their economy and start over.


Hence, the problem now is the Iraq is producing more oil than Iran, and the solution is simply that Iran should learn to step on their sadness and watch their oil production.  After all, the oil industry of Iran is the only thing that the world looks for in the country.  Without it, Iran might be erased from the global economic map.

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