It’s old news, but some may have missed it. First a few lines from the story, then links for those who want to read more.
As of Oct. 19, Halliburton had imported 61.3 million gallons of gasoline from Kuwait into Iraq, and the company was paid $162.5 million for an average price of $2.65 a gallon, Waxman (D-CA) and Dingell (D-MI) wrote.
“The $2.65 per gallon is grossly excessive,” they said. “Experts we consulted stated that the total price for buying and transporting gasoline into Iraq should be less than $1.00 per gallon.”
The U.S. government was then selling this gasoline inside Iraq for just four to 15 cents a gallon, subsidizing over 95 percent of the cost of gasoline consumed by Iraqis, they said.
