Data Points -- Iraq, ISIS, Cost Of Fighting An Uncivil War -- March 25, 2015; Iraq: "Missed Our Target By That Much" -- By A Third

Post Bulletin is reporting:

A lot of story lines there. The JV team is getting to be a real pain for all involved. 

Iraq's oil exports for last month were below planned levels depriving the nation of badly needed funds for its battle against the Islamic state group.

Crude exports in February averaged 2.596 million barrels a day — almost a million barrels less than planned. The exports grossed about $3.402 billion, based on an average price of $46.795 per barrel.

January's daily exports averaged 2.535 million barrels, bringing that month's revenues to $3.258 billion. Iraq's 2015 budget is based on an expected price of $56 per barrel with a daily export capacity of 3.3 million.

The nearly 119.6 trillion Iraqi dinars budget (about $102.5 billion) runs with a deficit of 25 trillion dinars (about $21.4 billion).

A reader noted: just a month ago, didn't all the pundits say we need to take a million bbls of oil out of the market ... well, there's a million bbls of oil -- and not much changed. LOL.