What should be done about Iraq’s potential $80 billion oil surplus?

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Thread started 08/06/08 2:32pm

Graycap23

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What should be done about Iraq’s potential $80 billion oil surplus?

What should be done about Iraq’s potential $80 billion oil surplus?
Posted: 04:54 PM ET

FROM CNN’s Jack Cafferty:

While you’re paying $4 a gallon for gasoline, think about this.

Iraq could end up with an $80 billion surplus thanks to its oil exports. $80 billion. Remember how we were told Iraq’s oil money would pay for the war? We’ve spent more than $700 billion of our money including almost $50 billion to rebuild Iraq, and we haven’t seen a dime of their oil money for our efforts.

U.S. auditors report that Baghdad had a $29 billion budget surplus from 2005 to 2007, and with the price of crude oil just about doubling in the last year, the surplus for 2008 is expected to hit as much as $50 billion.

Meanwhile, the U.S. continues to pour money into Iraq for reconstruction, repairs to their oil infrastructure, electricity, water and security. How much has Iraq spent? In the last 3 years, they’ve put less than $4 billion towards similar services.

Senator Carl Levin says it’s inexcusable for U.S. taxpayers to foot the bill for projects the Iraqis could pay for themselves. Duh.

Of course Congress continues to approve one spending bill after another for Bush’s war despite the Democrats’ promise to end the war’s funding in 2006.

Here’s the bureaucratic explanation for the screwing the American taxpayer is getting. The Treasury Department says the U.S. is working with Iraqis to fix the issue and they believe “progress is being made”. What a joke. Progress is Iraq writes the United States a check.

Here’s my question to you: What should be done about Iraq’s potential $80 billion oil surplus?

Tune in to the Situation Room at 5pm to see if Jack reads your answer on air.

And, we love to know where you’re writing from, so please include your city and state with your comment.

If u want some censored shit.......go elsewhere. If u want the TRUTH, come 2 me.

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Reply #1 posted 08/06/08 3:02pm

IrresistibleB1
tch

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a) who's profiting from Iraq's reconstruction? seems to me it's Halliburton, etc.

b) what was the oil surplus for Iraq before the invasion?

c) and why should the Iraqi people pay for what was done to them? we may be building some schools, but the Iraqi people are running them, and are stuck with the bills for catching up on education and countless other services interrupted by the invasion.

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Reply #2 posted 08/07/08 3:04am

Tremolina

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Graycap23 said:

While you’re paying $4 a gallon for gasoline,

What kind of author is this? You are paying that much for gas, amongst other reasons, BECAUSE they invaded Iraq and made a fucking mess off it and because they are threatening Iran with war.

Iraq could end up with an $80 billion surplus thanks to its oil exports

blablabla It COULD, if you wouldn't have made such a fucking mess of Iraq.

Remember how we were told Iraq’s oil money would pay for the war?

Fool, what else did you believe? That they had WMD? Ties to Al qaeda? Were about to drop a dirty bomb? Besides, is that what you want? Illegally invade and rape another country and then let THEM pay for it? Asshole.

We’ve spent more than $700 billion of our money including almost $50 billion to rebuild Iraq, and we haven’t seen a dime of their oil money for our efforts.

Stop crying. Then you should have made sure Bush didn't get the chance to invade. Besides, according to this bogus writer 650 billion went to the military and their suppliers. So what's the big deal? Isn't that "good" for the boys and girls fighting and the military industrial complex? Doesn't all that money "trickle down" to you? Too bad.

Meanwhile, the U.S. continues to pour money into Iraq for reconstruction, repairs to their oil infrastructure, electricity, water and security.

What a fucking lie. According to this shithole's own calculation the US has only spend about 50 billion on reconstruction projects (probabaly a lie too) and has made very little progress. The Iraqi people are NOT better off than before. You bombed and shoot them and spent most of your dollars on more guns and bombs. NOT on "reconstruction". Fuck that. If that would have been the case, Iraq would have been in a much better state now and there would be way less violence. But that's not what they want you idiot. They want to stay there FOREVER and have you, your kids and your grandkids pay for it. What will happen to Iraq's oil profits if they ever come? Much of that will go straight into the pockets of BIG oil who has already secured the lucrative contracts for the future.

Of course Congress continues to approve one spending bill after another for Bush’s war despite the Democrats’ promise to end the war’s funding in 2006.

If they don't they are branded traitors for not paying the trooops. while the real traitors remain untouched in the white house.

Here’s my question to you: What should be done about Iraq’s potential $80 billion oil surplus?

As was said by Bush and Blair: Iraq's oil belongs to the Iraqi's.

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[Edited 8/7/08 3:11am]

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Reply #3 posted 08/07/08 6:01am

Dsoul	Get beyond your deluded feeling of entitlement to cheap oil already, America.
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