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Politics : PRESIDENT GEORGE W. BUSH

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To: steve dietrich who wrote (349278)1/28/2003 11:24:43 PM
From: Krowbar  Read Replies (2) of 769670
 
Bush and the "liberal" press forgot to mention that we doubled our oil imports from Iraq since November. You've got to go to sources outside our country to find this out, because we certainly wouldn't want the American people to know this, would we?

"After the loss of 1.5 million barrels per day of Venezuelan production in December the oil price rocketed, and the scarcity of reserves threatened to do permanent damage to the US oil refinery and transport infrastructure. To keep the pipelines flowing, President Bush stopped adding to the 700m barrel strategic reserve.

But ultimately oil giants such as Chevron, Exxon, BP and Shell saved the day by doubling imports from Iraq from 0.5m barrels in November to over 1m barrels per day to solve the problem. Essentially, US importers diverted 0.5m barrels of Iraqi oil per day heading for Europe and Asia to save the American oil infrastructure. "

observer.co.uk

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