According to a draft US government report obtained by the New York Times, up to 300,000 barrels of oil a day have gone missing in Iraq over the past four years, at an estimated cost of up to $15m a day. It's not yet known whether the shortfall is due to theft or overstated oil production; there are concerns that the missing oil may be helping to fund insurgents. Some observers see parallels to the UN oil-for-food scandal, in which up to half a million barrels of oil a day were smuggled out of the country.