“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.”
Is the Administration now going use this excuse for the next high rise cost of gas at the pump?
Is the Administration now going use this excuse for the next high rise cost of gas at the pump?
A bit of news passed along to me from a regular blogger, Chicago Naive. From Aljazeera.com:
Between 100,000 and 300,000 barrels a day of Iraq’s declared oil production have been reported missing over the past four years; it may have been siphoned off through corruption or smuggling, a draft U.S. government report concluded.
1 comment:
That is an awful lot of missing oil, too much, and why isn't someone investigating?
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