GAO reports $156 billion in oil profits for Iraqi Government in four-year span
It’s not just the oil companies reaping the benefits of oil prices gone wild. A new report from the Government Accountability Office estimates Iraqi oil profits from 2005 to the end of this year to be at least $156 billion. The government’s budget surplus could stand at $79 billion by the end of 2008. Guest: James Glanz, New York Times Baghdad Bureau Chief
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