Money to rebuild Iraq still lost in the pipeline

[La_Serpiente]

Money to rebuild Iraq still lost in the pipeline

The US is forced to accept that export revenues from Iraq's dilapidated oil industry will not fund its reconstruction

DUBAI - As insurgents target oil installations and Iraqis queue for fuel, the Bush administration has abandoned its pre-war assertions that Iraq's natural resources would largely fund reconstruction.

While opinion polls still show a majority of Americans support the war, most do not think they should be paying so much to rebuild Iraq.

Before the war, United States officials engaged in a delicate balancing act.

They sought to counter the pervasive belief in the Middle East and Europe that the war was all about oil, while vaguely telling the US taxpayer not to worry about the cost.

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Money to rebuild Iraq still lost in the pipeline