Billions in Oil Missing in Iraq
May 13th, 2007If the “newspaper of record” in the U.S. can parrot the GAO theory that the insurgents might have stolen it *chuckle: that’s a good one, har har*, can I make absurd and ridiculous statements too?
Piles of corpses, billions of dollars worth of dodgy deals, mercenaries by the thousands and 100,000 to 300,000 barrels of missing oil per day for the past four years: I’m sure that Cheney knows absolutely nothing about this!
I’m also sure that the Saudis are similarly clueless!
Via: New York Times (bugmenot):
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.
How sweetly crude! As per the links,the Saudi’s oil output is going down quite precipitously, but who would know it when the amount of oil in the Saudi fields is never revealed for could it be, reasons of national security?
Find me a PHD student or investigator who wants to spend the time. I think there is a great thesis/story, to be written on how those billions of gallons of oil missing from Iraq most likely are finding their way onto the books of the brothers in Saudi Arabia as THEIR oil sent to U.S. Sweet SCAM.