June 27, 2006

Iraq's new oil minister: Iraq may be able to surpass Saudi Arabia in oil production

Oil production in Iraq has hit its highest level since former leader Saddam Hussein was ousted in 2003, that is according to Iraq's new oil minister, Hussein Sharastani, who added that the new Iraqi government, which has been in place for a very short time now, has been able to break oil production records.

Mr. Sharastani said that Iraq's target now was to challenge Saudi Arabia's position as the world's leading oil producer, which Iraq believes can be done by 2010.

Jimmy's Prophetic Prospective on the News

Iraq's record level oil production is a precursor to a scenario for Iraq found in Bible prophecy for the Last Days. The new Iraqi government's minister of oil, Hussein al Sharastani, says that Iraq's oil output today is near the oil production during Saddam's days in power and soon will surpass those numbers.

In fact, the new Iraqi government is beginning to believe that they can become the world's leading oil producer, surpassing Saudi Arabia. To that end, Mr. Sharastani said he expected output to rise to nearly 4 million barrels per day by 2010 and increasing to 6 million barrels per day by 2012. This scenario in oil production by Iraq is setting the stage for the prophetic scenario that is found in Bible prophecy for Iraq in the last Days; and let me remind you, Iraq is biblical Babylon.

War torn Iraq becomes, according to Bible prophecy, the worldwide headquarters for the Antichrist who will head up a one-world, economic, political, governmetal system in the last 3 1/2 years of the Tribulation, that's just prior to the return of Jesus Christ to the earth. You can find that scenario in Revelation 18, Jeremiah 50 and 51, and Revelation 16.

Oil revenues, especially when Iraq becomes the world's leading oil producer, will rebuild Iraq and set the stage for Bible prophecy to be fulfilled.