Oil Missing

[JLB]

http://www.nytimes.com/2007/05/12/world/middleeast/12oil.html?hp

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 repor

[shiva2999]

I notice we haven't heard anything about the dastardly Oil for Food nonsense lately.

The biggest rip-off in history carries on unabated.

[coastal]

I thought we were there because because they had WMD's...

er... were a threat to the United States...

uh... were close to going nuclear...

um... hated us for our freedoms...

oh... aw **** it.

At least we get to kill some brown people.

[Gibby]

http://www.nytimes.com/2007/05/12/world/middleeast/12oil.html?hp

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 repor

and this surprises you because?

[Gibby]

I thought we were there because because they had WMD's...

er... were a threat to the United States...

uh... were close to going nuclear...

um... hated us for our freedoms...

oh... aw **** it.

At least we get to kill some brown people.

Bush Admin, **** Yeah :rockon: Seriously though why didn't he say we needed oil. I mean before former Reichsmarschal Rumsfeld came out in 2005 and said we went to Iraq to protect the oil from the terrorists. Does Rummy the Mummy not see the irony in that statement?

[JLB]

and this surprises you because?

Gibby when your 56 really not to much surprises you.
That's why Shiva is always so cool calm and collected like me.:D

[SpikedLemonade]

Don't worry.

When the Americans find the WMDs they will find this missing oil.

It might all be up Bin Ladan's ass.

[Gibby]

Don't worry.

When the Americans find the WMDs they will find this missing oil.

It might all be up Bin Ladan's ass.

that must be a huge ass, oh well at least he doesn't try to talk out of his anus unlike our little imperator Caligula II.

[Green Lantern]

I posted this on a different thread awhile ago:

Mystery of the Missing Meters:
Accounting for Iraq's Oil Revenue

by Pratap Chatterjee, Special to CorpWatch
March 22nd, 2007

The line of ships at the Al Basra Oil Terminal (ABOT) stretches south to the horizon, patiently waiting in the searing heat of the Northern Arabian Gulf as four giant supertankers load up. Close by, two more tankers fill up at the smaller Khawr Al Amaya Oil Terminal (KAAOT). Guarding both terminals are dozens of heavily-armed U.S. Navy troops and Iraqi Marines who live on the platforms.

These two offshore terminals, a maze of pipes and precarious metal walkways, deliver some 1.6 million barrels of crude oil, at least 85 percent of Iraq's output, to buyers from all over the world. If the southern oil fields are the heart of Iraq's economy, its main arteries are three 40-plus inch pipelines that stretch some 52 miles from Iraq's wells to the ports.

Heavily armed soldiers spend their days at the oil terminals scanning the horizon looking for suicide bombers and stray fishing dhows (boats). Meanwhile, right under their noses, smugglers are suspected to be diverting an estimated billions of dollars worth of crude onto tankers because the oil metering system that is supposed monitor how much crude flows into and out of ABOT and KAAOT - has not worked since the March 2003 U.S. invasion of Iraq.

Officials blame the four-year delay in repairing the relatively simple system on "security problems." Others point to the failed efforts of the two U.S. companies hired to repair the southern oil fields, fix the two terminals, and the meters: Halliburton of Houston, Texas, and Parsons of Pasadena, California.

The Special Inspector General for Iraq Reconstruction (SIGIR) is scheduled to publish a report this spring that is expected criticize the companies' failure to complete the work.

Rumors are rife among suspicious Iraqis about the failure to measure the oil flow. "Iraq is the victim of the biggest robbery of its oil production in modern history," blazed a March 2006 headline in Azzaman, Iraq's most widely read newspaper. A May 2006 study of oil production and export figures by Platt's Oilgram News, an industry magazine, showed that up to $3 billion a year is unaccounted for.

"Iraqi oil is regularly smuggled out of the country in many different ways," an oil merchant in Amman told the Nation (U.S.) magazine last month. ...



Lieutenant Aaron Bergman, the U.S. Navy officer in charge of Mobile Security Squadron 7 at ABOT, says export authorities have "guesstimated" how much is being sold, with a back-of-the-envelope formula: Every centimeter a tanker lowers into the water equals 6,000 barrels of oil cargo.

"So you can imagine," he said earlier this month to Stars & Stripes, a newspaper serving the U.S. military, the numbers could be off, "A couple of inches could equal 180,000 barrels of fuel."

"I would say probably between 200,000 and 500,000 barrels a day is probably unaccounted for in Iraq," Mikel Morris, who worked for the Iraq Reconstruction Management Organization (IRMO) at the U.S. embassy in Baghdad, told KTVT, a Texas television station....

http://corpwatch.org/article.php?id=14427

[Ralonzo]

Don't worry.

When the Americans find the WMDs they will find this missing oil.

It might all be up Bin Ladan's ass.

100,000 barrels of lube implies a whole mess of WMD

[JLB]

100,000 barrels of lube implies a whole mess of WMD

Yes it does excellent point!:rockon: