In other words: A discussion of The Bush Administration
It's called looting.
Probably the biggest heist in history is going on every day as our troops stand guard. This isn't what they signed up for. This isn't defending America. This isn't Freedom on The March.
This is theft.
Iraqi oil exports dive; there's no telling where the money wentAmong the best chronicles of the haziness surrounding Iraq’s oil production and exports — and the general pall of corruption that hangs over the country — comes from journalist Ed Harriman, writing in the July, 2005 issue of the London Review of Books. Harriman wrote that in addition to the roughly $9 billion in Iraqi oil funds that vanished without a trace during CPA head Paul Bremer’s reign, the International Advisory and Monitoring Board established to oversee and audit CPA expenditures of Iraqi cash “discovered that Iraqi oil exports were unmetered.”Neither the Iraqi State Oil Marketing Organisation nor the American authorities could give a satisfactory explanation for this. ‘The only reason you wouldn’t monitor them is if you don’t want anyone else to know how much is going through,’ one petroleum executive told me. Officially, Iraq exported oil worth $10 billion in the first year of the American occupation. Christian Aid has estimated that oil worth up to an additional $4 billion may also have been exported and is unaccounted for. If this is correct, it would have created an off the books slush fund that both the Americans and their Iraqi allies could use with impunity to cover expenditures they would rather keep secret – among them the occupation costs, which were rising far beyond what the Bush administration could comfortably admit to Congress and the international community.
- rob 10:20 AM - [PermaLink] -
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