Selling for a loss in Iraq makes sense. Iraq has always had very low gas prices (go figure) and charging full price would be both bad for their reconstruction and bad for PR.
As for this ....
Quote:
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"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."
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Did those experts take into account the fact that there was a war not to long ago, that infrastructure has been damaged, that attacks are still going on in the country? I can't say I trust these 'experts' of Waxman’s.
Waxman is about as far left as you can get, Dingell is somewhat better. I don’t know much about Dingell but everyone knows Waxman has been bashing Bush since day one about any detail on any thing no matter how spurious the evidence. It will take more then his word to make me take notice.