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dda · 1 Nov 2006, 00:49

One of the things I find intersting is the argument that the US is doing this for cheap oil.

A quick calculation indicates that if the 2.6 million barrel a day production of pre-war levels were acheived (which they aren't) based on $70 per barrel (which it is quite a bit lower at the moment) the $80+ billion that the US tax payer is spending on the war (and this doesn't count the British and other countries expenditures on the war), if the US were taking every single barrel of oil produced and not having to spend another penny on production, shipping, etc. the cost per gallon would be abourt $84 per barrel.

2.6 million barrels times 365 days of production = 949 million barrels a year.

$70 per barrel = $66.43 billion dollar value of oil produced in one year.

It will be noticed that this is less than is being expended on the war.

Thus, cheap oil isn't the answer.

1 Nov 2006, 00:49	#28
dda USS Oklahoma Join Date: Jun 2005 Posts: 2,500	Re: 654,965 Dead Iraqis Later One of the things I find intersting is the argument that the US is doing this for cheap oil. A quick calculation indicates that if the 2.6 million barrel a day production of pre-war levels were acheived (which they aren't) based on $70 per barrel (which it is quite a bit lower at the moment) the $80+ billion that the US tax payer is spending on the war (and this doesn't count the British and other countries expenditures on the war), if the US were taking every single barrel of oil produced and not having to spend another penny on production, shipping, etc. the cost per gallon would be abourt $84 per barrel. 2.6 million barrels times 365 days of production = 949 million barrels a year. $70 per barrel = $66.43 billion dollar value of oil produced in one year. It will be noticed that this is less than is being expended on the war. Thus, cheap oil isn't the answer. __________________ Ignorance is curable, stupidity is not.