Via The Man in the Grey Turtleneck, Fortune:

Unknown attackers have blown up part of an Iraqi pipeline that pumps crude oil from Kirkuk oil fields to the Turkish export terminal, Ceyhan, a senior Iraqi oil official and a shipping agent said Wednesday.

The official said the pipeline blast was “catastrophic” as it caused huge quantities of crude oil to spill into the Tigris River.

It isn’t known yet how long it will take the Iraqi authorities to repair the damaged pipeline.

Well, “catastrophic” for whom?

What about Big Oil (as the heating season in the Northeast begins), mercenaries, arms dealers, and logistics companies like Halliburton? “This is working very well for them”. Disaster capitalism always does.