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The data are from the US Dept. of Energy through June 2005. From 12/04 through 7/05, DOE's monthly data held absolutely flat at 1.9M bb/month, which indicates they were fake. After that, they have been reporting higher values than found in the press, including the Wall Street Journal, and the Associated Press. (spreadsheet ) The May, 2006 data point is from the press and the new Iraqi government.
On the day Baghdad fell, Cheney predicted it would be 3 million by the end of 2003. Now it is down to half that.
Before the war Wolfowitz said "we are dealing with a country that can finance its own reconstruction," and told Congress "There's a lot of money to pay for this. It doesn't have to be U.S. taxpayer money."
But it is U.S. taxpayer money, and the Congressional Research Service is now estimating $600 billion by the time its over.
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Why Iraq oil money hasn't fueled rebuilding
Christian Science Monitor, July 14, 2005
Most of Iraq's oil income will pay for a national budget of about $18 billion - about 80 percent of which is earmarked for government salaries, food and fuel subsidies, pensions, and other government operating costs. That leaves little money, even without considering the rising problem of oil-revenue theft, for reconstruction needs.
After Bush administration officials originally predicted that Iraq would be able to meet its own postwar reconstruction needs within months, another scenario emerged. In the fall of 2003, the United Nations and World Bank estimated that essential reconstruction over the next four years in Iraq would cost $55 billion. Of that amount, the State Department says in its Iraq country report that the US has already appropriated $21 billion, with other substantial amounts coming from international development institutions and other pledges.
Qureshi says the early rosy predictions of Iraq's ability to rebuild itself were "always off base," but he adds that the country should be able to take on more of the burden - if it weren't losing potential revenues.
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http://zfacts.com/p/58.html | 01/18/12 07:19 GMT
Modified: Tue, 27 Jun 2006 21:54:54 GMT
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