Saturday, May 12, 2007

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

Billions in Oil Missing in Iraq, U.S. Study Says - New York Times

I thought Oil was going to pay for this war, hmmm

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.

click link for rest of the story

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