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View Full Version : Iraqi oil money is going...where?



crawdaddio
07-21-2004, 10:14 PM
http://www.commondreams.org/headlines04/0720-04.htm

The DFI was set up after last year's invasion as the depository for Iraq's multi-billion-dollar oil revenues and was administered, until June 28, by the US-led Coalition Provisional Authority (CPA) - with notional UN oversight.

.............Nearly all of the $20bn in the DFI was spent or allocated by June 28 - but only 2% of the $18.4bn promised by the US for reconstruction was actually spent. According to White House figures, for example, and despite all the rhetoric about building a new Iraq, not a cent of America's own money had been spent on construction, healthcare, sanitation and water projects as of last month.

...........In this context, two facts may be of interest: Halliburton was the largest single recipient of Iraqi oil funds during the occupation, according to the Army Corps of Engineers' figures released last month. And among US politicians, according to the Center for Public Integrity, Mr Bush has been the largest single recipient of US oil and gas industry campaign contributions since 1998 - his total stands at $1,724,579.

<font color="blue">I am curious, along with many others, about where this money has been used. If it has been used for valid applications in Iraq, then they should have no problem complying with repeated requests for proper reciepts (or an equivalent thereof). </font color>

Sid_Vicious
07-22-2004, 07:38 AM
And the plot thickens

nAz
07-22-2004, 10:08 AM
<blockquote><font class="small">Quote crawdaddio:</font><hr> http://www.commondreams.org/headlines04/0720-04.htm

.........In this context, two facts may be of interest: Halliburton was the largest single recipient of Iraqi oil funds during the occupation, according to the Army Corps of Engineers' figures released last month. And among US politicians, according to the Center for Public Integrity, Mr Bush has been the largest single recipient of US oil and gas industry campaign contributions since 1998 - his total stands at $1,724,579.

<hr /></blockquote>

You know your maybe hurting my portfolio with this kinda info!
Hopefully someone here will disprove this misinformation. /ccboard/images/graemlins/wink.gif

crawdaddio
07-22-2004, 10:51 AM
<blockquote><font class="small">Quote nAz:</font><hr>
Hopefully someone here will disprove this misinformation. /ccboard/images/graemlins/wink.gif <hr /></blockquote>

I really hope it is untrue as well......