“On January 30, 2005, Stuart W. Bowen, the special inspector general appointed by the U.S. occupation authority, reported that almost $9 billion in Iraqi oil revenue, disbursed to the ministries, had gone missing. A subsequent Congressional inspection team reported in May 2006 that Task Force Shield [which had been set up to protect oil installations and pipelines] had failed to meet its goals due to ‘lack of clear management structure and poor accountability,’ and added that there were ‘indications of potential fraud’ which were being reviewed by the Inspector General.”
– Dilip Hiro, “How Bush’s Iraqi Oil Grab Went Awry,” The Nation, Sep. 26, 2007