Saturday, September 13, 2003

$87 billlion: Item #1
The Bush administration is calling for an additional $2.1 billion to repair the Iraqi oil industry, a sharp increase from previous estimates that underscores how the sabotage of pipelines and the electricity grid has throttled the flow of oil for export and into domestic refineries.

A spokesman for the Corps of Engineers said that it had not been contacted by the administration to develop the new estimate, but it remains unclear whether Mr. Bremer's administration spoke to the Corps of Engineers staff in Iraq. The congressmen have asked the budget office for a detailed explanation of how the estimate was derived and a list of the projects involved.

Have coffee before you read the whole thing.

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