"US isn't subsidizing Iraqi gasoline prices -- the oil is produced there"
Beg to differ. You haven't read the other postings have you?
Our military got hooked into supplying fuel to Iraq.
Remember the Baghdad refinery burning as our troops entered the city? All the Iraqi refineries were damage by sabotage. They have been since also.
If some of the large refining equipment is damage, it can take up to two years to replace. Atmospheric Crude Towers, Vacuum Columns and Catalytic Cracking Reactors/Regenerators are field-erected vessels. They have sub-assembles fabricated elsewhere and are assembled in place. The field assembly alone can take 9 months to a year.
Haliburton is working as fast as possible to get these refineries back into full operation. Until that happens, we, the USA are supplying the fuel…