To: Thomas A Watson who wrote (638625 ) 10/5/2004 5:21:09 PM From: DuckTapeSunroof Read Replies (3) | Respond to of 769670 Panel to Probe Use of Iraq Oil Revenues [Just as I predicted here, the probes are intersecting.....] By LOLITA C. BALDOR, Associated Press Writernews.yahoo.com WASHINGTON - A House subcommittee investigating Iraq's oil-for-food program expanded its probe to the Bush administration Tuesday, agreeing to subpoena documents on the U.S. postwar management of oil revenues and, if necessary, audits on contracts for reconstruction projects, including one given to Halliburton. Democrats on the House Government Reform subcommittee on national security said there should be a full investigation into the Bush administration's refusal to release audits of Halliburton's $1.5 billion, noncompetitive contract to repair oil production facilities. The Houston-based oil services company was formerly headed by Vice President Dick Cheney . Failure to release the information, said Rep. Henry Waxman, D-Calif., would appear hypocritical and arrogant, and "reinforce the image that our primary goal (in Iraq) was to seize control of the oil." Congress, said Democrats, needs to know what happened to oil revenues when the United States took over their management between May 2003 and June 2004. Since then, management has switched to the interim Iraqi government. Bowing to pressure, panel chairman Rep. Christopher Shays, R-Conn., agreed to issue a subpoena to the Federal Reserve Bank of New York for information on management of oil revenues, and to send a letter to Defense Secretary Donald Rumsfeld seeking audits on noncompetitive contracts. "While I don't agree with the argument on why the information is needed, I think there is merit in getting this information," said Shays. "My expectation is that the secretary will provide the documents," said Shays. "If he doesn't, we will follow up with a subpoena." The agreement came as the committee continued to investigate allegations of corruption in Iraq's oil for food program, and whether companies monitoring the program were hamstrung by allied-endorsed sanctions that gave Saddam Hussein too much control. The oil-for-food program, which ran from 1996 to 2003, was created to allow the Iraqi government to sell oil in exchange for humanitarian goods. But on Tuesday, companies hired to monitor the oil sales and the products entering Iraq said they were threatened by Iraqi officials_on one occasion by 20 armed guards_and stymied by Hussein's ability to manipulate records and trade.