Stolen Oil From Iraq, And Robbed At The Pumps Too, Sweet!

Posted on Wednesday, May 02 at 12:47 by Diogenes
Heavily armed soldiers spend their days at the oil terminals scanning the horizon looking for suicide bombers and stray fishing dhows (boats). Meanwhile, right under their noses, smugglers are suspected to be diverting an estimated billions of dollars worth of crude onto tankers because the oil metering system that is supposed monitor how much crude flows into and out of ABOT and KAAOT -- has not worked since the March 2003 U.S. invasion of Iraq. Officials blame the four-year delay in repairing the relatively simple system on "security problems." Others point to the failed efforts of the two U.S. companies hired to repair the southern oil fields, fix the two terminals, and the meters: Halliburton of Houston, Texas, and Parsons of Pasadena, California. The Special Inspector General for Iraq Reconstruction (SIGIR) is scheduled to publish a report this spring that is expected criticize the companies' failure to complete the work. Rumors are rife among suspicious Iraqis about the failure to measure the oil flow. "Iraq is the victim of the biggest robbery of its oil production in modern history," blazed a March 2006 headline in Azzaman, Iraq's most widely read newspaper. A May 2006 study of oil production and export figures by Platt's Oilgram News, an industry magazine, showed that up to $3 billion a year is unaccounted for. "Iraqi oil is regularly smuggled out of the country in many different ways," an oil merchant in Amman told the Nation (U.S.) magazine last month. "Emir al-Hakim [the head of the Supreme Council of the Islamic Revolution in Iraq] is spending all his time in Basra selling oil as if it were his own. People there call him Uday al-Hakim, meaning he is behaving the same way Uday Saddam Hussein was acting. Other merchants like myself have to work through him with the big deals or smuggle small quantities on our own. The petroleum is now divided among political parties in power." http://www.alternet.org/waroniraq/51218/

Note: http://www.alternet.org...

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Comments

  1. Thu May 03, 2007 6:02 am
    They better watch themselves. The Americans need that oil to pay themselves back for destroying the country. The billions of dollars spent on the military as well as Halliburton Energy Services , has to be recouped. That was the idea to begin with.

    ---
    Expect little from life and get more from it.

  2. Thu May 03, 2007 6:17 am
    Thats really not how it works Boffaade<br />
    Fiat money don't only creates debt<br />
    and debt is what keeps it all afloat<br />
    <br />
    <br />
    <a href="http://www.transaction.net/money/">http://www.transaction.net/money/</a><br />
    <p>---<br>"It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities."<br />
    —Sir Josiah Stamp

  3. Fri May 04, 2007 5:12 am
    Americans always profit from their own debts.:)

    ---
    Expect little from life and get more from it.



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