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Pentagon Feeling Fuel Price Pinch

Defense Daily Staff Defense Daily Staff
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The surge in fuel costs this year is putting a squeeze on the military and could cause some "serious" problems for the 2012 budget, the Pentagon's chief financial officer said yesterday. Comptroller Robert Hale said at a conference hosted by Credit Suisse in Arlington, Va., that the Pentagon budgeted its fuel cost at $88 per barrel and the current price of $110 could wreak havoc on its fiscal plans. "If it stays at this level or goes higher, we got…

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