At least $8.8 billion in Iraqi funds missing . . .

[Paendragon]

$8.8 Billion missing.

Thoughts? Haliburton is, of course, mentioned, but I don't believe that the President had anything to do with this.

Does anyone?

How will it be used in the days to come?

 

[ubertroll]

I think it's the fault of some mid-to-upper level government official. High enough to absorb blame, but low enough that the press doesn't go after the Administration for corruption.

Kinda like every other scandal the Bushies have had...

hmm....

 

[Daedalus77]

I saw some Democrat on the news today complaining that only 500 million of funds had been spent on repairing Iraq's infrastructure so how could 8 billion missing? I will be glad when the election season is over. Both sides are slinging the mud to see what sticks and I'm disgusted with both sides.

 

[Paendragon]

I saw some Democrat on the news today complaining that only 500 million of funds had been spent on repairing Iraq's infrastructure so how could 8 billion missing? I will be glad when the election season is over. Both sides are slinging the mud to see what sticks and I'm disgusted with both sides.

I saw that. Didn't make anything any clearer, did it?

 

[p_p_man]

$8.8 Billion missing.

Thoughts? Haliburton is, of course, mentioned, but I don't believe that the President had anything to do with this.

Does anyone?

Well he's got to pay for the tax cuts somehow...

ppman

 

[Spinaroonie]

Ahmed Chalabi has two warrents out for his arrest in regards to money laundering.

Coincidence?

 

[ruminator]

Is this the missing money from Iraq's oil funds?

These were used by the CPA to fund many of the Halliburton/KBR and other *reconstruction* projects. It wasn't spent wisely and it was used with little oversight and accountability.

heheh,.....that's why they used it.

 

[weed]

It was a free-for-all. Moneys (yes, oil money) used for non-existent expenses and non-existent employees by government agents and military contractors. There were no controls in place and people took advantage of it. It was out a week or two ago but I guess they're just getting down to the final figures now. If they ever will.

 

[eagleyez]

profiteering is a grand ole tradition aint it?

 

[ruminator]

That about summed it up, weed.

No accountability and the private companies can't be held resposible. They had amnesty for crimes prior to being committed.

Now, the oil flow for current and near future revenues is severely limited, hurting prospects for income.

 

[weed]

No accountability and the private companies can't be held resposible. They had amnesty for crimes prior to being committed.

Funny how selective foresight can be.

 

[ruminator]

Funny how selective foresight can be.

We can't rightfully say that there wasn't any prewar planning. They just relied on a different set of priorities.

The security situation has been so unstable that little of the US reconstruction money is being used. Well, that's 2nd to the inefficiency of the red tape.

They skimmed the cream off the top and still have the future US money from long term contracts.

......and......70% unemployment!

That's what makes a moke like Sadr so powerful. College degree professionals were voluteering without being called to arms. They want to secure their freedom from their liberators.

What's sad is the administration with the never say mistake attitude has almost purposely undercut every chance to advance the right cause.

 

[eagleyez]

That about summed it up, weed.

No accountability and the private companies can't be held resposible. They had amnesty for crimes prior to being committed.

Now, the oil flow for current and near future revenues is severely limited, hurting prospects for income.

funny how the price per Barrel of black gold has reached new highs in the last couple of days due to " instability in Iraq."

this on the heels of Exxon/Mobile and Chevron/Shell reporting record profits in the past 3/4 of a year.

nothing like a hint of supply shortage to rattle the markets. At least Jimmy Carter had the nuts to establish the Windfall Profits tax act in the 70's when this hysteria first occured.

interesting how nobody is clammering for the developments of oilfields in Alaska this time.

how quickly we forget.

 

[Lovin Tongue]

interesting how nobody is clammering for the developments of oilfields in Alaska this time.

And if someone did you'd be the first to jump on the internet and cry about it. Dumbass.

 

[ruminator]

funny how the price per Barrel of black gold has reached new highs in the last couple of days due to " instability in Iraq."

this on the heels of Exxon/Mobile and Chevron/Shell reporting record profits in the past 3/4 of a year.

nothing like a hint of supply shortage to rattle the markets. At least Jimmy Carter had the nuts to establish the Windfall Profits tax act in the 70's when this hysteria first occured.

interesting how nobody is clammering for the developments of oilfields in Alaska this time.

how quickly we forget.

That's a definite playground of manipulation. There was a trend of short pullback in price on one announcement and then a two-fold increase the next day on a different one. It started with an artificial increase to pressure a vote for the energy bill but that didn't work. Then it was Opec......then Ven.....then a refinery fire....etc......until now, there's a real threat to Iraq's pipeline and infrastructure attacks. They didn't plan on that and it's going to ruin it all. They can't bring it back down now, when they want to.

I'm with you on the record profits and the oil co's claim it's out of their hands for price gouging.

We are so fucked for oil and energy prices this winter.

 

[eagleyez]

And if someone did you'd be the first to jump on the internet and cry about it. Dumbass.

lol

well then how bout Oklahoma?

or West Texas?

yes, I must be dumber than a pale of dirt.

 

[eagleyez]

That's a definite playground of manipulation. There was a trend of short pullback in price on one announcement and then a two-fold increase the next day on a different one. It started with an artificial increase to pressure a vote for the energy bill but that didn't work. Then it was Opec......then Ven.....then a refinery fire....etc......until now, there's a real threat to Iraq's pipeline and infrastructure attacks. They didn't plan on that and it's going to ruin it all. They can't bring it back down now, when they want to.

I'm with you on the record profits and the oil co's claim it's out of their hands for price gouging.

We are so fucked for oil and energy prices this winter.

indeed. up here in the NE the logging consortiums have already stated that the price of firewood will go thru the roof this winter.

again-profiteering as tradition. old as the hills.

 

[ruminator]

indeed. up here in the NE the logging consortiums have already stated that the price of firewood will go thru the roof this winter.

again-profiteering as tradition. old as the hills.

We have plenty of natural gas supplies around here but the smaller companies got gobbled by the big D on the east coast and shut the local transmissions down. There are so few companies that they set the price wherever they want.

I saw a report where the prices now for fuel oil are to at least $300.00 - $400.00 higher for the season, if bought now.

Natural gas prices shot up so fast last year there were elderly, low and even moderate income terminations bustin' loose.

 

[Bob_Bytchin]

Someone's going to have a nice Xmas.

 

[ruminator]

Yes, but I can still hope they don't spend it in DC.