Corruption Cited in Iraq's Oil Industry

Surprise, Suprise, Surprise!

We are just shocked....shocked, I tell you.

Corruption Cited in Iraq's Oil Industry:

U.S. Comptroller General David M. Walker told Congress last week that 'massive corruption' and 'a lot of theft going on' in Iraq's government-controlled oil industry is hampering the country's ability to govern itself.

'It took me about, you know, a second and a half to realize that, obviously, there was massive corruption going on, because the numbers just didn't add up,' Walker said, referring to a trip he took to Iraq this year in which he was shown figures on oil production and revenue.

Walker, who heads the Government Accountability Office, made his remarks at a House Government Reform subcommittee meeting last Tuesday called to examine implementation of the Bush administration's 2005 'National Strategy for Victory in Iraq.' He said one of the failures of the U.S. program was related to the prewar assumption that Iraq would be able to pay for its reconstruction 'in large part through oil revenues.'