Originally posted by jam321
reply to post by manxman2
try that for 100 billion barrels/.
Now multiply that by the current price per barrel and you will get the price we PAY Iraq for its oil.
Bet you never thought you would get a math lesson on ATS.
By the way, if Iraq is all about their oil then why are there 6 countries from where the US buys more oil?
www.eia.doe.gov...
The news that the duly elected government of Iraq is exercising its limited sovereignty to set a date for termination of the American occupation
radically undercuts all discussion in the US Congress or by American presidential candidates of how soon the US occupation of Iraq may "safely" end.
Yet if, by the same route, Iraq were to resume full and independent control over the world's third-largest proven oil reserves - 200 to 300 million
barrels of light crude worth as much as $30 trillion at today's prices - a politically incorrect question might break rudely out of the Internet
universe and into the mainstream media world, into, that is, the open: Has the Iraq war been an oil war from the outset?
Former Federal Reserve chairman Alan Greenspan evidently thought so, or so he indicated in a single sentence in his recent memoir: "I am saddened
that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil." When asked, Gen John Abizaid, former
CENTCOM commander who oversaw three and a half years of the American occupation of Iraq, agreed. "Of course it's about oil, we can't really deny
that,
Apologists for the war point out lamely that the United States imports only a small fraction of its oil from Iraq, but what matters, rather obviously,
is not Iraq's current exports but its reserves.
Before the invasion of Iraq in March 2003, media mogul Rupert Murdoch said, "The greatest thing to come out of this for the world economy, if you
could put it that way, would be $20 a barrel for oil."
In the 21st century's version of the "Great Game" of 19th century imperialism, the Bush administration made a colossal gamble that Iraq could
become a kind of West Germany or South Korea on the Persian Gulf - a federal republic with a robust, oil-exporting economy, a rising standard of
living, and a set of US bases that would guarantee lasting American domination of the most resource-strategic region on the planet.
source asia times
www.atimes.com...
live in denial all you want just dont expect the rest of us to.
[edit on 15-10-2009 by manxman2]
Must have posted while I was typing. 
