What happened to the Iraqi oil money being used to rebuild Iraq? Not trying to start anything...just curious. Its seems like thats what we were told in the beginning. Thanks in advance..
What happened to the Iraqi oil money being used to rebuild Iraq? Not trying to start anything...just curious. Its seems like thats what we were told in the beginning. Thanks in advance..
I did some research for you Doe and apparently they had no footballs over there to play with.So they played football with all of the americans tax money.They used our american printed money to play football.Now who in their right mind would send freaking cash to rebuild Iraq???Here is where our american printed money is actually going.Can't trace this can we????
Because the Iraqi banking system was in tatters, the funds were placed in an account with the Federal Reserve in New York. From there, most of the money was flown in cash to Baghdad. Over the first 14 months of the occupation, 363 tonnes of new $100 bills were shipped in - $12bn, in cash. And that is where it all began to go wrong.
"Iraq was awash in cash - in dollar bills. Piles and piles of money," says Frank Willis, a former senior official with the governing Coalition Provisional Authority. "We played football with some of the bricks of $100 bills before delivery. It was a wild-west crazy atmosphere, the likes of which none of us had ever experienced." http://www.guardian.co.uk/Iraq/Story/0,,1734939,00.html
I for one don't know that much of their oil money is NOT being used in the rebuilding process. I rather doubt that many of the guys on the steet can answer that question. Death, Taxes and the government spending money that they don't have, has been the rule since I have been around.[:@]
How do we change it? Vote them out and try to find some that are different. Good luck on that though.
Location: land of the Lilliputians, In the state of insanity
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RE: I have a question about Irag......
I dont know much about the condition of the oil fields since most of our west Texas oil buisnesses have pulled out. But one of the problems prior was the fact the oil fields were in bad shape and kept getting attacked by insurgence. Also Id speculate it will take a while to start seeing the amount of money it will take to meet and exceed the dollars going in right now. Or at least I hope.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: I have a question about Irag......
Quote:
ORIGINAL: James B
How do we change it? Vote them out and try to find some that are different. Good luck on that though.
Thats the problem. Even if there is a credible 3rd party candidate, you know they will not win because of the two party juggernaut. Im so sick of voting for the least evil candidate. I would love to vote for someone I truly believe in. They have not been presented yet.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
Allowing the new iraq Gov. to join opec was not a wise move in my opinion. Iraq could have broken the back of OPEC, but that would have offended our great alli's, "The Saudi's".
Unless we plan on staying in Iraq forever, its not up to us what Irag does with it oil. First people want us out of there then they want us to keep our fingers in the pie. Which is it? Can't do both.
Even if we had a third party, they would soon be corupt and bought off by special interests. Why would we think it would be different if we had another party with a different name. We need to hold those we have accountable or nothing will ever change.
We need to hold those we have accountable or nothing will ever change.
Well then asking questions like the one in this thread seems to be reasonable.
Iraq should definately be subsidizing U.S. Energy needs right now at low or no cost to us, in lieu of the money the american taxpayer has already spent there.
Another problem though with this whole idea relates tothe mechanisms for extracting and transporting the hypothetical free or low cost oil. Who would do that????? Big oil companies are the only ones that have the equipment and systems for moving the oil. Does anyone think they want to get into the cheap oil business?????? Heck no. Why would they turn their backs on the current record breaking profits to help transfer oil that may lower the cost????
The whole thing stinks to high heaven considering the background of US political figures involved, the greed of Big Oil (just like anything else economically driven), and the price that Iraq will cost the generations of Americans. Does anyone think the American Taxpayer will ever see any money paid back to them from Iraq in oil or anything else????? Unfortunately it seems pretty naive to me.
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Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: I have a question about Irag......
Quote:
ORIGINAL: hillbillyhunter1
Quote:
ORIGINAL: JamesB
We need to hold those we have accountable or nothing will ever change.
Well then asking questions like the one in this thread seems to be reasonable.
Iraq should definately be subsidizing U.S. Energy needs right now at low or no cost to us, in lieu of the money the american taxpayer has already spent there.
Another problem though with this whole idea relates tothe mechanisms for extracting and transporting the hypothetical free or low cost oil. Who would do that????? Big oil companies are the only ones that have the equipment and systems for moving the oil. Does anyone think they want to get into the cheap oil business?????? Heck no. Why would they turn their backs on the current record breaking profits to help transfer oil that may lower the cost????
The whole thing stinks to high heaven considering the background of US political figures involved, the greed of Big Oil (just like anything else economically driven), and the price that Iraq will cost the generations of Americans. Does anyone think the American Taxpayer will ever see any money paid back to them from Iraq in oil or anything else????? Unfortunately it seems pretty naive to me.
I agree, and would like to add; I can see where people will say, "Iraq did not ask to be invaded, so they owe us nothing." I can see this as a huge s#!T sandwitch we are just going to have to eat. I hope im wrong.
__________________
kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
I have a question about Irag......
