Oil revenue main source of Iraqi reconstruction:

[Earth_First]

"Oil passing through the terminals is the main source of revenue for Iraqi reconstruction."

http://news.yahoo.com/s/ap/20060326/ap_on_re_mi_ea/iraq_navy_collision

No kidding! I must have missed that newsdump...

[AndyA]

1. I thought the American taxpayers were the main source

For Iraqi reconstruction... :eyes:

[HillDem]

2. No that's your kids

It's all borrowed, every penny.

[DoYouEverWonder]

3. Then why is Iraq importing $6 billion in oil a year?

n/t

[MissWaverly]

4. I read an article today that there was a meeting of oil companies

in NY, they say that the oil production in Iraq is way off, it's half of what it was
during Sadaam, and this is due to our liberation of its peoples, since the
Iraqi economy is based on oil, they do not have the resources to feed their people
let along rebuild

[shadowknows69]

5. can we have our tax dolars back then please?

I'd rather build an American school with my money no offense Iraq.

[MissWaverly]

6. the problem is the money is gone

and since we the American taxpayer never got it, and the American soldier has gone through
Iraq with very little supplies and the Iraqi people don't have it, where did the money
go. Follow the money trail, I hope that some of this mis-spent money will be recovered.
Look at the Gulf Coast, where are the billions going to?

[slaveplanet]

7. The strategery was always to control the tap

not pump the crap out of Iraq and drive down the world oil markets.
control rogue elements of the market and keep the prices way up that way.

If you look at a graph , Saddam was overpumping before the first gulf war trying to pay off his war debt. He was told to knock it off in no uncertain terms. ....Soon after, The US destroyed his army

If you look at a graph , Saddam was overpumping before the second gulf war(oil for food) trying to help himself and starving Iraqis. He was told to knock it off in no uncertain terms. ....Soon after, The US destroyed his army...and whoops, destroyed much of the infrastructure, and dang it, those insurgents and their pesky pipeline bombs, we just have absolultly no defense against that, didn't you know it's always cloudy in Iraq and it obscures our satellites?

[MissWaverly]

8. I agree that knocking out Iraq supplies made huge oil $$$$$

for Bush's buds, and of course everyone says that he's not with it, doesn't he have an
MBA from Yale, but if Iraq is a 1 industry economy it would be better to let it flow
to rebuild the country, I also don't buy this we can't do nothing about the insurgents,
baloney.

[NNN0LHI]

9. We are actually going to start metering what we are stealing soon

At least thats what we told the UN.

Don

[DLnyc]

10. If that is so, we're not spending much on reconstruction:

http://www.usatoday.com/money/industries/energy/2005-10-10-iraq-oil-usat_x.htm

". . . Despite the challenges, Iraq has benefited from rising oil prices, which have soared to more than $60 a barrel. Iraq's oil revenue jumped from $5 billion in 2003 — when the price of oil was about half of today's — to $17 billion in 2004, according to the U.S. State Department. . . ."

So I guess that would mean that out of $100 billion a year (http://www.brook.edu/views/papers/mckibbin/20030307.htm) we spend less than $17 billion a year on reconstruction (assuming ALL of Iraqs oil revenue goes to construction). (And if, big if, US State Department figures are vaguely similar to reality.)

I wonder if I would like Malaysia if their government spent $83 billion a year blowing my country up and $17 billion a year rebuilding it?