Billions in Oil Missing in Iraq, U.S. Study Finds (more lies exposed)

[ProSense]

Billions in Oil Missing in Iraq, U.S. Study Finds

By JAMES GLANZ
Published: May 12, 2007

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 report.

Using an average of $50 a barrel, the report said the discrepancy was valued at $5 million to $15 million daily.

The report does not give a final conclusion on what happened to the missing fraction of the roughly two million barrels pumped by Iraq each day, but the findings are sure to reinforce longstanding suspicions that smugglers, insurgents and corrupt officials control significant parts of the country’s oil industry.

The report also covered alternative explanations for the billions of dollars worth of discrepancies, including the possibility that Iraq has been consistently overstating its oil production.

<...>

“Either they’re producing less, or they’re producing what they say and the difference is completely unaccounted for in any of the places we think it should go,” Mr. Kreil said. “Either it’s overly optimistic, or it’s unaccounted for.”

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None of the admin or MSM compiled statistics about Iraq is real! The Iraqi people are complaining about the lack of basic services, the Red Cross and UN report disease, malnutrition and death, yet the MSM is reporting that things have returned to prewar levels.

[Ghost in the Machine]

1. Of course they're trying to blame it on Iraqis overstating their production.

But it's probably more like a Cheney/Halliburton/Blackwater theft and smuggling ring.

[IChing]

2. This is a criminal government.

Built on lies, deception, threats, death and deceit.

[enid602]

3. Paraguay

I'll bet you a good bit of that $$ ends up in Paraguay.