Chump Change–Part Deux

According to By Dana Hedgpeth of Washington Post, Iraq’s crucial oil and electricity sectors still need roughly $50 billion, even after the United States has poured more than $6 billion into them over more than four years.

 Okay, okay…wait here is the kicker, Iraq will required to spend ooh approx another $27 billion for its electrical system and $20 billion to $30 billion for oil infrastructure, according to estimates posted by the United States Government Accountability Office (GAO).

So, with all that they still don’t expect Iraq to produce 6 millions barrels of oil a day before 2015, assuming the ethnic violence does not continue.  And, wait, there is more, they don’t expect the 24/7 electricity service to be in order, until say 2014, maybe 2017.


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