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.
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