Bush and Rumsfeld still idiots, Iraq oil money not funding reconstruction

edub69 · Jul 14, 2005

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ffice:smarttags" /><st1:State w:st="on">WASHINGTON</st1:State> - First, the good news: With oil prices at record highs, <st1:country-region w:st="on"><st1

lace w:st="on">Iraq</st1

lace></st1:country-region> is on track to bring in $20 billion or more in oil revenue this year. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com

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That may sound like a lot of petrodollars, especially for a war-torn country with tremendous needs in infrastructure repair and services delivery.<o

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But the bad news is that very little, if any, of that money will actually be used in the country's stalled reconstruction - despite past lofty predictions that oil-rich <st1:country-region w:st="on"><st1

lace w:st="on">Iraq</st1

lace></st1:country-region> would be financially self-sufficient by now.<o

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Dealing with <st1:country-region w:st="on"><st1

lace w:st="on">Iraq</st1

lace></st1:country-region>'s insurgency is a chief reason for the gap between oil revenues and improving living conditions. But another reason for the lag is a growing problem of income loss from smuggling and outright theft of the revenues.

Hmmm, let's see if we can blame Kofi Annan for the smuggling and theft of oil revenues this time. I demand a congressional hearing!!

http://news.yahoo.com/s/csm/20050714/ts_csm/aoilbucks

Coldweather · Jul 14, 2005

edub69 said:
<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-comffice:smarttags" /><st1:State w:st="on">WASHINGTON</st1:State> - First, the good news: With oil prices at record highs, <st1:country-region w:st="on"><st1lace w:st="on">Iraq</st1lace></st1:country-region> is on track to bring in $20 billion or more in oil revenue this year. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o>

<o></o>

That may sound like a lot of petrodollars, especially for a war-torn country with tremendous needs in infrastructure repair and services delivery.<o></o>

<o></o>

But the bad news is that very little, if any, of that money will actually be used in the country's stalled reconstruction - despite past lofty predictions that oil-rich <st1:country-region w:st="on"><st1lace w:st="on">Iraq</st1lace></st1:country-region> would be financially self-sufficient by now.<o></o>

<o></o>

Dealing with <st1:country-region w:st="on"><st1lace w:st="on">Iraq</st1lace></st1:country-region>'s insurgency is a chief reason for the gap between oil revenues and improving living conditions. But another reason for the lag is a growing problem of income loss from smuggling and outright theft of the revenues.

Hmmm, let's see if we can blame Kofi Annan for the smuggling and theft of oil revenues this time. I demand a congressional hearing!!

http://news.yahoo.com/s/csm/20050714/ts_csm/aoilbuckshttp://news.yahoo.com/s/csm/20050714/ts_csm/aoilbucks