Quote of the Day
"It is common to hear observers about Iraq talk about the fact that current outputs are below prewar level. But that sort of snapshot analysis doesn't tell you very much. It's fine to observe that the megawatts currently on the grid are about 3,800 whereas they were at 4,500 prewar, but it misses the point. Last summer they were at 5,300. So what has happened since last summer? And what has happened is an incessant and insidious insurgency has repeatedly attacked the key infrastructure targets reducing outputs," Stuart Bowen, special inspector general for Iraq reconstruction, said during testimony before the Senate Foreign Relations Committee. "It raises the issue, is there adequate security for the infrastructure in place? And more specifically, are the Iraqis being empowered to protect their own infrastructure?"
Write to Joseph Schuman at snipped-for-privacy@wsj.com