Tuesday, 27 October 2009

For how long Iraq will continue like this?

Despite the grief and sorrow that have engulfed Baghdad since last Sunday when two suicide car bombers killed 155 people and injured hundreds others, some upbeat news were brought amid that atmosphere.But of course will not help removing that grief.

The Associated Press reported today that Iraq's oil exports climbed almost 6 percent in the third quarter of the year, gaining $12.18 billion in revenues versus $9.57 billion in the prior quarter.Daily oil exports averaged 1.998 million barrels per day compared to an average of 1.885 barrels per day in the preceding quarter.

How much of these money will be spent to renovate the buildings, roads and other infrastructure which were destroyed in Sunday's attacks? how much of these revenues will be allocated to buy more or new "technologically advanced" equipment to detect bombs or stop the suicide bombers?

And for how long Iraq will continue like this: spends what it earns to fix things damaged by the war or buys weapons or loses what it earns due corruption?


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