Quote:
Originally posted by nemesis
112 billion barrels of oil X 18 per barrel = 20.160.00.000.000
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Its more like 300 Billion Barrels x $35 = 10.5 Trillian
Plus Iraq has the lowest recovery costs of any producing country so the profit margin is way fatter.
Plus don't forget the US Taxpayers foot the bill. The Oil Companies pillage the profits. Nice having your own private army and fleet of aircraft carriers to do your land acquisition work for you at no cost.
