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cestmoi Donating Member (211 posts) Send PM | Profile | Ignore Tue Jun-08-04 04:49 PM
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If you have a weak aorta don't read this cause it might burst!
US taxpayers bankrolling HUGE subsidies giving Iraqis 5 CENT A GALLON
GAS....the U.S. government pays $1.50 a gallon to buy fuel in neighboring countries and deliver it to Iraqi stations..The U.S. government paid even more last year for Iraqis' gasoline - between $1.59 and $1.70 per gallon - when the imports were contracted to Halliburton.

Before the war, forecasters predicted...America would benefit from increased exports of oil from Iraq...Instead, the only people getting cheap gas as a result of the invasion are the Iraqis.

Analysts say there never was a good case -- either before the war or afterward -- that a U.S. invasion would pay dividends in cheap oil.

"Some of the neo-conservatives might've been saying that, but no energy analysts were walking around saying that," Cordesman said.

....U.S.subsidies can't last forever - and Iraqis may be in for an unpleasant shock when they end...... "The minute the aid goes out, the party is over. And there's going to be a hell of a hangover."



http://www.napanews.com/templates/index.cfm?template=story_full&id=65BDC557-D33C-40B8-84A7-DE75417D2CEF
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-08-04 04:55 PM
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1. This is a double shock for the Iraqis
Edited on Tue Jun-08-04 04:55 PM by Canuckistanian
Before the war they some of the lowest gasoline prices on earth. Probably the same it is now. Now, with oil wells sabotaged and the distribution system in tatters, the "real" price has skyrocketed.
Just reason #452 to hate the americans.
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