$43M gas station in Afghanistan

waltky · Nov 3, 2015

Sounds like somebody got one hell of a kickback...

Pentagon spends $43 million to build Afghanistan gas station: watchdog
Mon Nov 2, 2015 - The U.S. Department of Defense spent nearly $43 million on a gas station in northern Afghanistan and has been unable to explain why it cost so much, a U.S. special inspector reported on Monday.

The Pentagon “charged the American taxpayers $43 million for what is likely to be the world’s most expensive gas station,” said John Sopko, head of the Special Inspector General for Afghanistan Reconstruction, a congressionally mandated body. The amount was spent between 2011 and 2014 on construction and initial implementation of the station. The gas station in Sheberghan, Afghanistan opened in 2012 and was created to show that compressed natural gas could be used in Afghanistan in cars effectively.

However, the task force behind the project closed operations in March and for that reason, according to the report, the Department of Defense said it did not possess “the personnel expertise to address these questions.” “Frankly, I find it both shocking and incredible that (the Defense Department) asserts that it no longer has any knowledge,” the report said. It added that the task force reported directly to the Office of the Secretary of Defense and was an $800 million program. The report found that a compressed natural gas filling station in neighboring Pakistan costs no more than $500,000 to construct. That would make the gas station in Afghanistan more than 140 times more expensive.

A Defense Department spokesman said the Pentagon continues to provide access to documents to SIGAR through a reading room. “Further, we have offered to assist SIGAR in locating and contacting any former TFBSO (Task Force for Business and Stability Operations) personnel they wish to interview,” said Army Lieutenant Colonel Joe Sowers. Nearly $110 billion have been appropriated in Washington for reconstruction in Afghanistan since 2002, when U.S. forces drove the Taliban from power for harboring militants from al Qaeda, which carried out the Sept. 11, 2001, attacks.

http://www.reuters.com/article/2015/11/02/us-usa-afghanistan-idUSKCN0SR29O20151102
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U.S. crude oil edges up after drops, but market remains oversupplied
Mon Nov 2, 2015 - U.S. crude futures edged up early on Tuesday, but the market outlook remains bearish as supply still exceeds demand and due to worries the dollar will strengthen when the U.S. Federal Reserve eventually raises interest rates.

Benchmark U.S. crude futures CLc1 were trading at $46.27 per barrel at 7.28 p.m. ET, up 13 cents from their last settlement. The slight rise followed falls in the previous session as Russian production hit a post-Soviet peak while China's demand outlook weakened. "Crude continues to remain under pressure due to emerging supply-side news and slowing Chinese demand. Russian oil output broke a post-Soviet record in October for the fourth time this year. News from Iran is also painting a negative picture," ANZ bank said in a morning note.

In North America, U.S. crude oil stockpiles likely rose by 2.7 million barrels last week, growing for a sixth consecutive week, a Reuters poll showed. Industry group the American Petroleum Institute (API) will issue its preliminary inventory data on Tuesday before official numbers on Wednesday from the U.S. government.

At the same time, traders are keeping an eye on U.S. monetary policy as a rise in American interest rates would likely push up the dollar against other currencies, making oil imports more expensive in some other countries. "With the focus on U.S. economic data this week, anything supportive of the Fed raising rates could see commodity markets come under some pressure," ANZ said.

http://www.reuters.com/article/2015/11/03/us-global-oil-idUSKCN0SS01W20151103
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CRUE CAB · Nov 3, 2015

Fancy soda machine.

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$43M gas station in Afghanistan

waltky Well-Known Member

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$43M gas station in Afghanistan

waltky Well-Known Member

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