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Friday, October 31, 2003

Haven't these people ever prepared a budget??

The Bush administration has doubled the value of a contract to rebuild Iraq's oil industry, to $2 billion, sharply driving up the projected cost of restoring the country's prewar capacity.

The decision gave fresh ammunition to critics of the president's postwar policies and came as questions surfaced about whether the franchise now held by a subsidiary of Halliburton Co., the oil giant once led by Vice President Dick Cheney, will be expanded to include the development of virgin petroleum fields. The subsidiary, Kellogg Brown & Root Services, was originally hired to help rebuild Iraq's petroleum sector.

1 + 1 = 750 million

posted by chris at 1:54 PM

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