What's it all about??
The oil, it's all about the oil I hear you say. Like everything else on this planet, oil has a price. The US appears to be paying much more than the going rate in both dollars and lives.
What am I babbling about?? A few quick calculations. Bush has just requested a further $200 billion for Iraq next year. Iraq has 120 billion barrels of proven oil reserves. Lets assume the US has staked a claim on 20% of these reserves. thats 24 billion barrels.
$200 billion / 24bb = $8.50 (approx). So in theory, $8.50 of all the 24 billion barrels is paid for already. Then factor in what has already been pumped in.... a guess at $800 billion. This takes the sum total to approx $43 of 24 billion barrels already paid for and this is without factoring the cost of our lost soldiers.
How long will it take to pump that much oil?? Will Iraq be here long enough to pump it??
Unless the US has a sizable stash of dinar to cover these costs, which alot of people dispute, WTF is all this about because it's doesn't seem to be about the oil.
Tiring scouser seeks clarity and ideas.