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Saturday, May 12, 2007

i'm SHOCKED,

SHOCKED i tell ya! (not)

it's like the keystone cops, the coen brothers, laurel and hardy, martin and lewis and the three stooges all rolled into one. only it's NOT FUNNY because it's real and because so many are dead, wounded and displaced.

could the shite that is going on get much worse?
(and of course how much longer are WE going to allow this to continue)

Billions in Oil Missing in Iraq, U.S. Study Says

By JAMES GLANZ
Between 100,000 and 300,000 barrels a day of Iraq’s declared oil production over the past four years is unaccounted for and could have been siphoned off through corruption or smuggling, according to a draft American government report.
Using an average of $50 a barrel, the report said the discrepancy was valued at $5 million to $15 million daily.
The report does not give a final conclusion on what happened to the missing fraction of the roughly two million barrels pumped by Iraq each day, but the findings are sure to reinforce longstanding suspicions that smugglers, insurgents and corrupt officials control significant parts of the country’s oil industry.
The report also covered alternative explanations for the billions of dollars worth of discrepancies, including the possibility that Iraq has been consistently overstating its oil production.
Iraq and the State Department, which reports the numbers, have been under relentless pressure to show tangible progress in Iraq by raising production levels, which have languished well below the United States goal of three million barrels a day. Virtually the entire economy of Iraq is dependent on oil revenues..............

2 comments:

Anonymous said...

Wow, someone's making quite a haul. I wonder if Condaleeza Rice is involved, like she was when in charge of procurement for Chevron during the Oil for Food Scandal.

Unknown said...

geeze rick, ii didn't even know she had her hand on chevron's crotch too