Where is Iraq's oil revenue going to? - Democratic Underground

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Thu Jul-14-05 02:39 PM
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Where is Iraq's oil revenue going to?

Just wondered... where is the money from sales of Iraq's oil reserves ending up?

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elehhhhna

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Thu Jul-14-05 02:40 PM
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1. Caymans or Isle of Man

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AlCzervik

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Thu Jul-14-05 02:42 PM
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2. Chalabi was supposed to be the oil minister for a time so i'm guessing

if that actually happened some of it has gone to him.

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Gary173

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Thu Jul-14-05 02:44 PM
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3. Wyoming

Cheney's out there counting it.

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grumpy old fart

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Thu Jul-14-05 02:46 PM
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4. What revenue? Pipelines bombed almost daily, Pirates in the bay.....

http://www.iags.org/iraqpipelinewatch.htm

http://www.alertnet.org/thenews/newsdesk/L16679135.htm

and anything that gets through, well Chalabi as oil minister pretty much answers that one.....

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begin_within

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Thu Jul-14-05 04:13 PM
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8. Well this article says $20 billion in revenues this year...

"First, the good news: With oil prices at record highs, Iraq is on track to bring in $20 billion or more in oil revenue this year....
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 Iraq would be financially self-sufficient by now."

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

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TWiley

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Thu Jul-14-05 02:55 PM
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5. The last I heard

Halliburton was given the full rights to explore, drill, refine, and transport 100% of Iraqi oil. This was given to them by the bushtapo without any competing bids.

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YDogg

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Thu Jul-14-05 03:16 PM
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6. It's paying for the rebuilding of Iraq.

Least that's what I heard. :puke:

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begin_within

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Thu Jul-14-05 04:12 PM
Response to Reply #6

7. ...but it's not, according to this article:

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

"First, the good news: With oil prices at record highs, Iraq is on track to bring in $20 billion or more in oil revenue this year. ....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 Iraq would be financially self-sufficient by now."

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