"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, May 12, 2007

Billions in Oil Missing in Iraq, U.S. Study Says

By JAMES GLANZ NYT May 12, 2007

100,000 to 300,000 barrels a day of Iraq’s declared oil production over the past 4 years can't be accounted for ... it could have been siphoned off through corruption or smuggling, according to a draft US government report.

At an average of US$50 a barrel, the report values the theft apparent discrepancy @ US $5 - 15 Mn. every day.

Well blow me down ... who would have imagined ....?

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