Results 1 to 10 of 10

Thread: Draft Oil Measure Sent to Parliament

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Small Wars Journal SWJED's Avatar
    Join Date
    Sep 2005
    Location
    Largo, Florida
    Posts
    3,989

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

    You are right about "not any time soon". In today's NY Times - Billions in Oil Missing in Iraq, U.S. Study Says by James Glanz.

    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.

    The report does not give a final conclusion on what happened to the missing fraction of the roughly two million barrels pumped by Iraq each day, but the findings are sure to reinforce longstanding suspicions that smugglers, insurgents and corrupt officials control significant parts of the country’s oil industry...

  2. #2
    Council Member
    Join Date
    Jan 2007
    Location
    Arizona
    Posts
    32

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

    Quote Originally Posted by SWJED View Post
    You are right about "not any time soon". In today's NY Times - Billions in Oil Missing in Iraq, U.S. Study Says by James Glanz.
    You are correct. Oil is being stolen every day. When I was there, we saw individuals along the pipeline digging catch basins and then puncturing the lines to collect the oil. I am certain that there are other much more elaborate schemes to syphon off oil revenue. It is the oil money that is fueling the insurgency and it is oil money that is giving legitmacy to the criminal based insurgency. They hire, they kill and they control the battlespace with fear and money.
    Last edited by GPaulus; 05-12-2007 at 06:25 PM.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •