Let’s see.
Iraq’s demonstrated oil reserves: 115 billion barrels
Price of a barrel of oil at close today: $76.68
115 billion times $76.68 equals 8 trillion, 818 billion dollars
Under Saddam Hussein, share that went to western oil companies: 0
Under legislation pending in Iraq, share that will go to western oil companies: 12.5%
12.5% of $8,818,000,000,000 equals $1,102,250,000,000
Still doesn’t quite cover the cost of the war, does it? Especially since that money isn’t going to the government and tax-payers who are paying for the war–it’s going to companies who use countless loop-holes to avoid paying taxes.
Americans will find work at oil companies.
Oil related stocks will go up.
Gas prices will go down.
Good News!