Where's the $72,000,000.00 per day in Iraq oil $'s going????

According to an article in today's S.F. Chronicle, Iraq is currently producing and exporting 1.60 million barrels of oil PER DAY. At the current price of $40.00 per barrel, that comes to $64,000,000.00 ($64 million dollars) per day of income. Where is this money going, and to whom is it going to?

The figures above, do not include approximately 200,000 barrels per day (according to the same article, link below) going to Turkey, which would add another $8,000,000.00 ($8 million dollars), for a total of $72,000,000.00 ($72 million dollars).

Then, there's the oil being shipped to Israel through the Haifa pipeline (which was quickly repaired and made operational right after the invasion, no doubt, in consideration of the PNAC affiliated pro-Likud neonazicons in the White House that pushed for the war in the first place), that NO ONE talks about. How many hundreds of thousands of barrels are being covertly shipped through THAT pipeline, and is Israel being made to pay for this oil, and to whom is the money being given?

Where IS all this money going? On a monthly basis we're talking $2,160,000,000.00 ($2 billion, 160 million dollars) of "known" revenue! Even with all the pipeline sabotage, they've managed to keep pumping these dollars out of the ground. This seems like quite a few dollars, that if given directly to the Iraqi people, could help them greatly. I think someone in Congress needs to start investigating the Iraqi oil/money trail, and see where it leads....

Link to article: http://sfgate.com/cgi-bin/article.cgi?f=/news/a/2004/05/10/international1124EDT0540.DTL

Bowel said the "money must be held in trust for the Iraqi people."

Held in trust? Are you kidding me?

nt

It's supposed to get paid into this UN bank account for Iraq reconstruction which pay Haliburtan to pretend to fix the country.

The Haifa pipeline is not there. This was a dream Chalabi sold the neocons in Washington. It'll probably never happen. They'd have to build it anyway.

We're still pumping more money into Iraq then we're getting out. The real question is who is getting the reconstruction contracts and are they building anything.

damaged pre-war. It has supposedly now been fixed, and is pumping oil. I'll have to research this more....

On edit:

I was right. The pipeline IS existing. I did a Google, and there were many listings on the Haifa pipeline. Here's an informative one:
http://www.cooperativeresearch.org/wot/iraq/mosulhaifapipeline.html

Salon Article: How Ahmed Chalabi conned the neocons
http://www.salon.com/news/feature/2004/05/04/chalabi/index.html

This was a really great article. I love Salon. Apparently Chalabi fooled the neocons and then they fooled Bush.

Chalabi promised the neocons that the pipeline would be rebuilt. This hasn't happened. Current status:

"One of the key promises he made concerned the revival of the Iraq-Israel oil pipeline. The pipeline from the oilfields of Kirkuk and Mosul to Haifa had been built by the British in the late 1920s, and was one of the main targets of the Palestinian Arab revolt in 1936-38. The 8-inch line was finally cut after Israel's independence in 1948. The sections in Arab territory have mostly rusted away or been carted off for scrap. The Israeli section is used as an irrigation pipe. The fully surveyed right of way, though, remains. It could handle a modern, 42-inch pipe, sufficient to supply the Haifa refinery."

I think that link you've got there is a proposal for the pipeline.

and into various "offshore Cayman Islands Bank Accounts".

Hell, it wouldn't surprise me if the Buseviks were surreptitously send tsome to bin Laden and their al-Qaeda pals.

another 9/11?

$72 million per day times 365 days in a year gets us up to $26 billion a year.

Invasion is costing us $150 to $200 billion a year.

I'm sure the proceeds are being laundered and stolen by Smirk's cronies. What else would they do? They are thieves and criminals.

Where it goes nobody knows...

To pay for damages.