May 1, 2006
IRAQ
On the Verge of Collapse
By Bernhard Zand
The British and the Americans are guarding Iraq’s Persian Gulf oil platforms — the troubled country’s only real sources of revenue — like crown jewels. But Iraqi oil is flowing sluggishly at best, while hoped-for investments haven’t materialized and the Iraqi oil industry is on the verge of collapse — both technical and political.
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