Iraqi oil exports were supposed to pay for "reconstruction"
- From: "Joe S." <anon@xxxxxxxx>
- Date: Mon, 17 Jul 2006 05:52:05 -0400
Another Bush lie -- added to the list of lies -- WMD, ties to Al Qaeda,
threat to the US, oil exports will pay for reconstruction, the war will cost
around $70 billion --
QUOTE
Post: US Comptroller told Congress Iraq's oil industry suffers from 'massive
corruption'
RAW STORY
Published: Sunday July 16, 2006
"U.S. Comptroller General David Walker told Congress last week that 'massive
corruption' and 'a lot of theft going on' in Iraq's government-controlled
oil industry is hampering the country's ability to govern itself," reports
Walter Pincus for Monday's Washington Post, RAW STORY has found.
Excerpts from the article:
#
"It took me about, you know, a second and a half to realize that, obviously,
there was massive corruption going on, because the numbers just didn't add
up," Walker said, referring to a trip he took to Iraq this year in which he
was shown figures on oil production and revenue.
Walker, who heads the Government Accountability Office, made his remarks at
a House Government Reform subcommittee meeting last Tuesday called to
examine implementation of the Bush administration's 2005 "National Strategy
for Victory in Iraq." He said one of the failures of the U.S. program was
related to the prewar assumption that Iraq would be able to pay for its
reconstruction "in large part through oil revenues."
He said about 10 percent of Iraq's refined fuels and 30 percent of its
imported fuels are being stolen, in part because the subsidized Iraqi price
of gasoline, about 44 cents a gallon, is less than half the regional price
of 90 cents a gallon.
"That provides a tremendous incentive to be able to steal these fuels and be
able to sell them for whatever purposes, corruption or otherwise," Walker
said.
Walker noted that oil production, which was to provide prime support to the
new government, is below prewar production and distribution levels,
complicated by the insurgency and difficulties in maintaining the aging oil
infrastructure.
END QUOTE
http://www.rawstory.com/news/2006/Post_US_Comptroller_told_Congress_0716.html
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