Billions in Iraqi Oil Missing

The left will simply accuse Bush of stealing it, since that's been their canard for four years.

Still, I'm getting sick of these corrupt, thieving Iraqi pols who do nothing while we expend our treasury and manpower, while they're on the take.

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.

The time is at hand for them to clean up their act or we will indeed be leaving them to fend for themselves.