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Iraq to Net Record $70B Oil Windfall

Congress calls for aid cuts after revenue forecast doubles

By Rob Quinn,  Newser Staff

Posted Apr 30, 2008 2:58 AM CDT

(Newser) – US analysts estimate that record-breaking oil prices and a fall in insurgent attacks on pipelines will boost Iraq oil revenue this year to $70 billion—double earlier estimates, the Wall Street Journal reports. The latest figure has sparked a call among US lawmakers to demand...   Read full story »

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