Lubricating the disaster

Saturday’s papers go light on Iraq coverage after yesterday’s glut market, but not without delivering a must-read: The Times serves up a scoop about a GAO report that estimates that Iraq’s oil sector could be losing between $5 and $15 million per day to corruption and smuggling, or at least that the accounting methods for crude production are seriously out of whack.

Link: IraqSlogger: US Papers Saturday: Bleeding Oil