NYT: Bush Seeks $2.1 Billion More for Iraqi Oil Industry

[wellst0nev0ter]

The Bush administration is calling for an additional $2.1 billion to repair the Iraqi oil industry, a sharp increase from previous estimates that underscores how the sabotage of pipelines and the electricity grid has throttled the flow of oil for export and into domestic refineries.

As late as last month, the United States-led civil authorities in Baghdad and the Iraqi oil ministry said that about $1.1 billion would be needed to make crucial repairs to the oil industry by March 2004. A spokesman for the White House's Office of Management and Budget, Trent Duffy, said that the request for an additional $2.1 billion came from the office of L. Paul Bremer III, the head of the civil administration in Iraq. The sum is part of a supplemental $87 billion budget the Bush administration is preparing to seek from Congress to support American troops in Iraq and to finance the country's reconstruction.

http://www.nytimes.com/2003/09/13/business/worldbusiness/13OIL.html

Looks like they're now just starting to bleed for that additional $55 Billion, anyway they have to.









twats

[xray s]

1. We fix it...they blow it up

And again...and again...and again.

Who will benefit?

It ain't Jed Clampet...

[madrchsod]

2. according to the european experts

it will take more than 50 billion to rebuild the oil fields and open new ones. the machinery is scrap,the pipelines are scrap.the whole system has to be built from the ground up. the fields may show a profit after 10 years, depending on the price and demand for oil. bush`s figures are just bullshit.

[saigon68]

19. A NEVER ENDING RAT HOLE

Just like the rabbits hole in Alice in Wonderland. What a fairy tale this is turning into.

[Newsjock]

3. As Letterman said...

Remember, when making out that check, Halliburton has two L's.

[xray s]

4. Oh...you just gave me an idea

Maybe I should pass it on to the White House.

In order save money on processing taxes, in the future, just make out our tax checks to Halliburton. Or maybe just send them to Cheney.

Think of all the IRS agents we could fire!

[Robin Hood]

5. Because 90 billion would have looked real bad.

We'll piecemeal the rest of the trillion they'll need.

[E_Zapata]

6. k- how can we do what will amount to $1 trillion damage ...

in a 2 week or 3 week war?

[pfitz59]

9. Iraq has been at war for over 20 years!

1) Iraq-Iran: 1980-1988
2) Gulf I: 1990-1991
3) Sanction Years: 1991-2001
4) Gulf II: 2002 - ?
We're talking a generation of neglect!

[teryang]

7. Every day another multi-billion dollar request

Hell this is more lucrative than the 911 attack itself.

[w4rma]

8. This is past the point of stupid. $87B + $2.1B + I'm sure theres more

And the Republican Party rank and file seems to have no problem with all of this spending on multi-national corporations who are close to Bush. Brainwashed.

[RC]

10. Well, yeah.

Can't be spending any money on those worthless unemployed democrates and their welfair raised family, now can we? They see bu$h&co as some kind of problem or something. Whasup wit tat? :eyes:

[The Backlash Cometh]

11. I thought we were paying Halliburton to do this?

What, exactly, is Halliburton's task in the Middle East?

[Palacsinta]

13. Yeah.........I don't understand that either

What does Halliburton provide? What is it's responsibility? What is it's liability?

[Enraged_Ape]

15. Halliburton's only task in Iraq is to make lots of $$$$$$$$$$$$$$$$

for Cheney and BushCo.

They are the biggest, fattest, most bloated welfare queen in history, and it's amazing the Freepers can sit still for this.

[underpants]

16. That's why Bremmer is there to show them how to make more

"Diplomat" my a**.

Molly Ivins (boy there's a name that gets the Repubes blood boiling) had a article about a month ago in which she writes that those in the know rolled their eyes when Bremmer was picked to replace Garner (PNAC's choice). Bremmer worked for a company that assisted insurance company's and security firms to capitalize on 9/11 and either recaping their losses or expanding their revenue sources. Paul is goood at what he does.

[cthrumatrix]

12. hmmmm....who benefits when the pipelines get blown up ????

Connect the dots...how in the hell will we ever know the truth.


If we're not thier for oil...let it go. Provide water and electricity and turn over the country...NOW.

[radfringe]

14. looks like it's a BIG PAYDAY for Halliburton, et. al.

wonder how much will be kicked back to the whistleass's campaign?

[underpants]

17. "$87 Billion - Should Bush ask for More?"

I was wondering why FOX had that little teaser running. I saw it right before I logged on to DU, makes since now they are priming the base to accept it. I think the sticker shock has even some of them with their mouths agape.

[Gin]

18. it's not additional....it's part of the 87 billion....These guys

are master theives...oil was running until we invaded...water was running until we invaded....power was working until we invaded...now they have invaded the US Treasury.



{The sum is part of a supplemental $87 billion budget the Bush administration is preparing to seek from Congress to support American troops in Iraq and to finance the country's reconstruction. }

[underpants]

20. Yeah but we will surely see more requests

On Wednesday (I think it was) I read a little article in our local Richmond Times-Dispatch (often quoted on FoxNews)this was one of their "from wire reports" article that cuts and pastes the parts they like. It tried to explain the breakdown of funding and it didn't add up or make sense at all and I have an accounting degree! There was no link on their website for that article or I would have posted it here.

Maybe it was just poorly compiled but I smell a flurry of numbers being bandied about so the public gives up on trying to figure it out and lets it go. Just a guess but I won't be surprised.