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Where is the oil revenue from Iraq going?

kolanuraven

Well-known member
http://www.cnn.com/2008/WORLD/meast/03/08/iraq.main/index.html



BAGHDAD, Iraq (CNN) -- Two senators are asking congressional investigators to look at Iraq's oil revenues and see if the war-ravaged nation can pay for its own reconstruction, an effort that has been bankrolled to this point mostly by U.S. taxpayers.



1 of 3 Carl Levin, D-Michigan, and John Warner, R-Virginia, said in their Friday letter to the Government Accountability Office that Iraq has "tremendous resources" in banks worldwide but is doing little to improve security and reconstruction efforts.

Iraqi officials did not immediately respond to the senators' allegations.

"We believe that it has been overwhelmingly U.S. taxpayer money that has funded Iraq reconstruction over the last five years, despite Iraq earning billions of dollars in oil revenue over that time period that have ended up in non-Iraqi banks," wrote the senators, who are their party's top members on the Armed Services Committee.

The senators cited testimony of then-Deputy Defense Secretary Paul Wolfowitz who told a House subcommittee in March 2003 that the U.S. would not foot the entire bill for rebuilding Iraq. Wolfowitz predicted then that Iraq's oil revenues could reach between $50 billion and $100 billion in the next two or three years.

"We are dealing with a country that can really finance its own reconstruction and relatively soon," Wolfowitz said in 2003.
 

kolanuraven

Well-known member
Heard just now that Cheney is planning a trip to the Middle East next week.


Hmmm...maybe going to pick up his part from all the Iraq oil sales now that someone is asking questions?

Timing is a bit curious..............
 

olderroper

Well-known member
kolanuraven said:
Heard just now that Cheney is planning a trip to the Middle East next week.


Hmmm...maybe going to pick up his part from all the Iraq oil sales now that someone is asking questions?

Timing is a bit curious..............

I'll just bet if you'd ask him and if he would answer with the truth, he could tell you where that money is.
That boy gets around.
 
A

Anonymous

Guest
olderroper said:
kolanuraven said:
Heard just now that Cheney is planning a trip to the Middle East next week.


Hmmm...maybe going to pick up his part from all the Iraq oil sales now that someone is asking questions?

Timing is a bit curious..............

I'll just bet if you'd ask him and if he would answer with the truth, he could tell you where that money is.
That boy gets around.

Yep--Them old boys can't remember a memo they wrote the day before when they're testifying- but they sure can remember where to go to partake of their rake in...... :wink: :( :(
 

kolanuraven

Well-known member
olderroper said:
kolanuraven said:
Heard just now that Cheney is planning a trip to the Middle East next week.


Hmmm...maybe going to pick up his part from all the Iraq oil sales now that someone is asking questions?

Timing is a bit curious..............

I'll just bet if you'd ask him and if he would answer with the truth, he could tell you where that money is.
That boy gets around.



What are you smokin? :roll: :roll:
 

olderroper

Well-known member
kolanuraven said:
olderroper said:
kolanuraven said:
Heard just now that Cheney is planning a trip to the Middle East next week.


Hmmm...maybe going to pick up his part from all the Iraq oil sales now that someone is asking questions?

Timing is a bit curious..............

I'll just bet if you'd ask him and if he would answer with the truth, he could tell you where that money is.
That boy gets around.



What are you smokin? :roll: :roll:

Don't smoke

Drink a little cheap Tennesee whiskey though once in awhile :)
 
A

Anonymous

Guest
These hearings are being aired on C-SPAN right now- with the Comptroller General testifying on all kinds of fraud, kickbacks, and waste and abuse of US funds...
Over $18 Billion in unaccounted for funds- with over 3000 investigations- many of which can't continue because the Iraqi government is right in the middle of it- even passing laws to give folks immunity/clemency to some folks....Looks like they're learning from Bush and Clinton :roll: :wink: :( :mad:
I'm sure in the days to come as these investigations continue- we'll hear much more....


GAO Comptroller: ‘Significant’ Amount Of U.S. Funds For Iraq Funneled To Sunni And Shiite Militias
During a Senate Appropriations Committee hearing today on waste, fraud and abuse in Iraq, GAO Comptroller David Walker said that “the Iraqis have a budget surplus” which “is not being spent.” He added that oil “revenues are going up” and therefore “one of the questions” regarding Iraq reconstruction is “who should be paying?”

Citing Iraq’s rising oil revenues and the fact that the U.S. has already spent $45 billion rebuilding the country, Sen. Patrick Leahy (D-VT) said that instead of President Bush “asking for billions” more to rebuild Iraq, the Iraqis “ought to be able to use some of their oil to pay for their own costs and not keep sending the bill to the United States.”

Meanwhile, U.S. tax money is ending up in the hands of sectarian militias in Iraq. Later in the same hearing, Walker confirmed that a “significant” amount of what the U.S. spends on Iraqi contracts is being diverted to Sunni and Shiite militias. Stuart Bowen, special inspector general for Iraq reconstruction, agreed, adding that “it is a significant problem.”
 

TSR

Well-known member
Oldtimer said:
These hearings are being aired on C-SPAN right now- with the Comptroller General testifying on all kinds of fraud, kickbacks, and waste and abuse of US funds...
Over $18 Billion in unaccounted for funds- with over 3000 investigations- many of which can't continue because the Iraqi government is right in the middle of it- even passing laws to give folks immunity/clemency to some folks....Looks like they're learning from Bush and Clinton :roll: :wink: :( :mad:
I'm sure in the days to come as these investigations continue- we'll hear much more....


GAO Comptroller: ‘Significant’ Amount Of U.S. Funds For Iraq Funneled To Sunni And Shiite Militias
During a Senate Appropriations Committee hearing today on waste, fraud and abuse in Iraq, GAO Comptroller David Walker said that “the Iraqis have a budget surplus” which “is not being spent.” He added that oil “revenues are going up” and therefore “one of the questions” regarding Iraq reconstruction is “who should be paying?”

Citing Iraq’s rising oil revenues and the fact that the U.S. has already spent $45 billion rebuilding the country, Sen. Patrick Leahy (D-VT) said that instead of President Bush “asking for billions” more to rebuild Iraq, the Iraqis “ought to be able to use some of their oil to pay for their own costs and not keep sending the bill to the United States.”

Meanwhile, U.S. tax money is ending up in the hands of sectarian militias in Iraq. Later in the same hearing, Walker confirmed that a “significant” amount of what the U.S. spends on Iraqi contracts is being diverted to Sunni and Shiite militias. Stuart Bowen, special inspector general for Iraq reconstruction, agreed, adding that “it is a significant problem.”

Just another liitle overlooked item, business as usual for this administration
 

olderroper

Well-known member
Oldtimer said:
Meanwhile, U.S. tax money is ending up in the hands of sectarian militias in Iraq. Later in the same hearing, Walker confirmed that a “significant” amount of what the U.S. spends on Iraqi contracts is being diverted to Sunni and Shiite militias. Stuart Bowen, special inspector general for Iraq reconstruction, agreed, adding that “it is a significant problem.

I read someplace last year that as long as there was defense money in the budget , there was more violence, but when the money flow slowed down it made it look like the surge was working. The congress just approved a large defense budget this year so watch what happens. All of a sudden if there is talk about pulling out more violence will occur, to make us need to stay there. Somebody is manipulationg us and most likly its our news service

The article I read claims a lot of money was being used to keep things stirred up to further the private agendas of our big business over there.

If people would read alternative news sources they would see a whole different story.
I just read a different story on whatdoesitmean.com about the New York
prostitution story.
Looks like somebody is using the newsmedia to cover something else up.
Opens the mind to other possibilites.

If you believe everythng our news tells you they can lead you any direction they want, and they sure seem to be doing a good job of it in America
 
A

Anonymous

Guest
The Hearings had an Iraqi Judge testify-who was their head of the Iraqi Commission of Public Integrity- who was forced to flee Iraq because they rocketed his house and killed his son and many of his staff- because of his investigation of the fraud and corruption...

He testifyed that Billions $ of US funds that were meant to rebuild Iraqs infrastructure- after being put into the Iraqi governments hands, has been fraudulently given to the miltitia and religious groups....He said that the $11 million dollars (US taxpayer money) that was put into a bank account to build the courts- all was seized and went to the militias...He said their investigations have shown that large amounts of it are being stolen/funneled off by US and foreign contractors that the Iraqi courts had no jurisdiction over- and that the US had way too few inspectors/investigators that were trying to track those down...

Billions of dollars that were given to the Iraqi Defense Dept disappeared and when their investigation led to the Iraqi Defense Minister as the thief- Parliament passed a law that he could not conduct any investigations or bring any charges "without seeking parliaments permission first" :roll:

Looks like old GW is going to teach those folks corruption in government at its finest- as only GW can do :wink: :( :( :mad:
 

MoGal

Well-known member
Well, this may not be all Iraq oil ........... but who's fleecing us now?? $3.00 for a barrel of oil and we're paying ????

--------------------------http://www.larouchepac.com/news/2008/03/12/larouche-why-youre-paying-4-gasoline.html

March 12, 2008 (LPAC)--As the dollar dramatically collapsed below $1.55/euro today following the Federal Reserve's announcement of a huge new bank bailout, the "spot price" of a barrel of oil settled at just under $110, up 60% in six months, 25% in six weeks, and accelerating. The world's leading physical economist, Lyndon LaRouche, bluntly stated what is going on.

LaRouche noted that the current gasoline price is heading for $4/gallon; but the Saudis, on long-term supply contracts, get only $3 per barrel for their oil at the wellhead. Americans are paying more per gallon for gasoline at the pump, than the Saudis receive in long-term contracts per 42-gallon barrel of oil at the wellhead.

Why? The "spot" futures price of oil, and the value of the dollar, is controlled by the British. This was launched, LaRouche said, with Richard Nixon's treason against the U.S. for the British Empire. When Nixon destroyed the Bretton Woods System in 1971-73, the British were left in control of the growing masses of overseas dollar deposits, called "eurodollars." In the phony oil crises of 1974 and 1979, long-term fixed-price oil contracts, frequently for 24-36 months, were replaced with spot markets, and then with futures markets, controlled from London. Thanks to the Nixon Administration, the British Empire controls oil, and they run the dollar through the oil speculative markets.

The London International Petroleum Exchange (IPE) controls the price of 60% of world oil, by controlling the price of Brent Crude oil, which is less than one-half percent of the oil produced. On May 14, 2004, Brent Crude contracts on the IPE reached 375 million barrels,-- about five times the daily production of all sorts of oil worldwide. The huge masses of "paper oil" traded on futures markets control the price of the far smaller volumes of real oil.

On the London IPE, a speculator can buy an oil futures contract by putting up only 3.8% of the price. A tiny group of London-based speculators control the price of all oil worldwide.

"That's why you're about to pay $4 for a gallon of gasoline," LaRouche said. "If you want to blame somebody, blame Nixon and George Shultz for destroying Franklin Roosevelt's Bretton Woods system, and giving control of the dollar to the City of London."
 

kolanuraven

Well-known member
Oldtimer said:
The Hearings had an Iraqi Judge testify-who was their head of the Iraqi Commission of Public Integrity- who was forced to flee Iraq because they rocketed his house and killed his son and many of his staff- because of his investigation of the fraud and corruption...

He testifyed that Billions $ of US funds that were meant to rebuild Iraqs infrastructure- after being put into the Iraqi governments hands, has been fraudulently given to the miltitia and religious groups....He said that the

$11 million dollars (US taxpayer money) that was put into a bank account to build the courts- all was seized and went to the militias...

He said their investigations have shown that large amounts of it are being stolen/funneled off by US and foreign contractors that the Iraqi courts had no jurisdiction over- and that the US had way too few inspectors/investigators that were trying to track those down...

Billions of dollars that were given to the Iraqi Defense Dept disappeared and when their investigation led to the Iraqi Defense Minister as the thief- Parliament passed a law that he could not conduct any investigations or bring any charges "without seeking parliaments permission first" :roll:

Looks like old GW is going to teach those folks corruption in government at its finest- as only GW can do :wink: :( :( :mad:



That $11M went to the militias to pay them off from shooting at our soldiers......thus...." the surge is working"!!

Well , YEAH...cause we're paying them NOT to shoot!!
 

Mike

Well-known member
That $11M went to the militias to pay them off from shooting at our soldiers......thus...." the surge is working"!!

Well , YEAH...cause we're paying them NOT to shoot!!

Do you know that these militias get paid purely for not shooting, or is this just something you heard?

If an insurgent is willing to take his life for his cause, I cannot see him accepting money just to keep him away from his 72 virgins..........
 

kolanuraven

Well-known member
Mike said:
That $11M went to the militias to pay them off from shooting at our soldiers......thus...." the surge is working"!!

Well , YEAH...cause we're paying them NOT to shoot!!

Do you know that these militias get paid purely for not shooting, or is this just something you heard? There was a HUGE news story on all the stations about al-Sadr was going to break this ' truce' and the reason was that the US had not paid him. AND....NO... I'm not gonna waste the time to Google it up when you can , in fact, I think there's a thread here about that same news story.


If an insurgent is willing to take his life for his cause, I cannot see him accepting money just to keep him away from his 72 virgins.......... Yeah, but maybe he can get a higher class of virgin was some jingle in the pocket of his galabiah :wink: :wink: :wink:
 

Mike

Well-known member
kolanuraven said:
Mike said:
That $11M went to the militias to pay them off from shooting at our soldiers......thus...." the surge is working"!!

Well , YEAH...cause we're paying them NOT to shoot!!

Do you know that these militias get paid purely for not shooting, or is this just something you heard? There was a HUGE news story on all the stations about al-Sadr was going to break this ' truce' and the reason was that the US had not paid him. AND....NO... I'm not gonna waste the time to Google it up when you can , in fact, I think there's a thread here about that same news story.


If an insurgent is willing to take his life for his cause, I cannot see him accepting money just to keep him away from his 72 virgins.......... Yeah, but maybe he can get a higher class of virgin was some jingle in the pocket of his galabiah :wink: :wink: :wink:

The only thing I know of that relates to Al-Sadr getting cash payments is when the U.S. started paying his militiamen (not him) $5.00 each (for grenades)and up for turning in weapons because they were weary of fighting.

If you have any credible evidence of Al-Sadr getting paid $11 million to not fight I would sincerely like to see it.
 

kolanuraven

Well-known member
Mike said:
kolanuraven said:
Mike said:
Do you know that these militias get paid purely for not shooting, or is this just something you heard? There was a HUGE news story on all the stations about al-Sadr was going to break this ' truce' and the reason was that the US had not paid him. AND....NO... I'm not gonna waste the time to Google it up when you can , in fact, I think there's a thread here about that same news story.


If an insurgent is willing to take his life for his cause, I cannot see him accepting money just to keep him away from his 72 virgins.......... Yeah, but maybe he can get a higher class of virgin was some jingle in the pocket of his galabiah :wink: :wink: :wink:

The only thing I know of that relates to Al-Sadr getting cash payments is when the U.S. started paying his militiamen (not him) $5.00 each (for grenades)and up for turning in weapons because they were weary of fighting.

If you have any credible evidence of Al-Sadr getting paid $11 million to not fight I would sincerely like to see it.


If I told ya I'd have to kill ya...and I don't have time to drive to Alabama today!!! :lol: :lol:
 
A

Anonymous

Guest
Actually-- what the Iraqi Judge testified to was that the US gave huge amounts of money- Billions- to be used for specified things like health, education, defense- judicial...What the parliament and government did- was then grab up all that money- the defense minister took the defense money, half of which he stuck in his pocket, the other half he gave to his tribe (Sunni, shite, whatever)- the same with the police- the schools- the hospitals-- etc.etc...One tribe runs the military- another the police- another the hospitals...
Some of the parliament members just took big chunks of the money and fled the country- like the Dr. that was the Health minister...And when this Judge and a few others tried to prosecute them- the Parliament passed laws essentially giving them immunity- then killed some of the Judges, or their family members and aides that were involved in the investigations....After his house was attacked by rockets- and he had family members killed is when he fled the country...

An example he gave was about $Billions of US taxpayer money that were earmarked to care for polio patients (which apparently is epidemic in Iraq)...The tribe of the parliament minister that got that stuck half in their pockets, used the other half to care for polio patients of "their" tribe- the rest "disappeared" from the hospitals- Kidnapped and believed exterminated.....

The last I heard Condi Rice testify to- was that there was $12 Billion of US taxpayer money that the State Department can't account for in any way....As long as these tribes and parliament ministers can keep profitteering from the US being there- they have no incentive to stop the fighting....
 
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