$12 billion a month on IRAQ

B

bat1

What are we getting in return?

IRAQ is sitting on over $100,000 billion in oil


reality is IRAQ is richer then the U.S.A

SOMEBODY STOP THIS MADNESS!!!!!
 
I saw some caculations that showed that by the time the war is done, the costs will be about $40.00 a barrel for all the known reserves of oil in Iraq.

Then there's the dead people.
 
Quote from bat1:

What are we getting in return?

IRAQ is sitting on over $100,000 billion in oil


reality is IRAQ is richer then the U.S.A

SOMEBODY STOP THIS MADNESS!!!!!
More...


I dont think Iraq has 1 trillion barrels of untapped crude.

Maybe 100 million Barrels.

That would be $11 Trillion at todays prices.

Perhaps if the price goes to $200 in a few years it will be worth 20T..
 
111 bbl Proven reserves
300 bbl optimistic estimates of possible reserves.
From what I understand the the geology in the region is favorable to recovery so the cost of production can be very low.

I think its realistic to hope the money invested can be recovered.

Iraq will save the world economy :)
 
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