GAO: Each day $15 million in Iraq oil money goes missing

On March 27, 2003, then-Deputy Defense Secretary Paul Wolfowitz said that Iraq's oil money would be enough to finance its own reconstruction.  Not only was that vastly overstated, but now the Government Accountability Office (GAO) finds that $15 billion in oil money over the last four years is unaccounted for:

Billions of dollars worth of Iraq's declared oil production overthe past four years is unaccounted for, possibly having beensiphoned off through corruption or smuggling, The New York Timessays.

Between 100,000 and 300,000 barrels of Iraq's daily output ofroughly 2 million barrels is missing, it said, citing a draftreport prepared by the US Government Accountability Office andgovernment energy analysts which is expected to be released nextweek.

This is only the latest in a long line of abuses on the part of the Iraqi government.  The documentary called Iraq for Sale dives head-first into this issue of corruption.