Nezdragon
Member
- Joined
- May 26, 2005
- Messages
- 123
- Reaction score
- 8
- Location
- Over there.
- Gender
- Male
- Political Leaning
- Independent
Iraq exported 1.49 million barrels of oil a day in 2004. The average price of a barrel of crude oil in 2004 was $36.97.
1,490,000 barrels x $36.97 = $55,085,300 a day.
$55,085,300 x 365 = $20,106,134,500.
This is taking all of Iraq's exports for 2004, and we end up with a net total of 20 billion dollars worth of oil. For 2005 let's estimate that $30 billion dollars of oil was taken. The war on terror has cost us $200 billion.
EVEN IF WE TOOK ALL THE OIL FROM IRAQ, we would still not balance the cost we have spent. We could have bought the same amount of oil for THREE TIMES it's market price, and still saved money. You can't tell me that a president in his second term could be that stupid.
1,490,000 barrels x $36.97 = $55,085,300 a day.
$55,085,300 x 365 = $20,106,134,500.
This is taking all of Iraq's exports for 2004, and we end up with a net total of 20 billion dollars worth of oil. For 2005 let's estimate that $30 billion dollars of oil was taken. The war on terror has cost us $200 billion.
EVEN IF WE TOOK ALL THE OIL FROM IRAQ, we would still not balance the cost we have spent. We could have bought the same amount of oil for THREE TIMES it's market price, and still saved money. You can't tell me that a president in his second term could be that stupid.