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U.S. Oil Purchases Fund Massive Iraqi Budget Surplus PDF Print

According to data from the Energy Information Administration, from 2003 to 2008 U.S. consumers will have spent between $70 billion and $74 billion to buy Iraqi oil, the same amount Iraq has amassed as its budget surplus, according to GAO.

 

Committee On Oversight and Government Reform

U.S. House of Representatives | 2157 Rayburn House Office Building | Washington, D.C. 20515 | (202) 225-5051