Quote:
Originally posted by XXXManager
Some numbers you might want to know about Iraqi debts and "oil" money..
Iraqi debt:
Standing Debts - US$142B
Signed Contracts - US$57B
Kuwait compensation - US$300B
Total debt: ~US$500B
Iraqi income:
Oil estimated income/year US$10-12B
That is income - not profit.
Anyone care to comment now about how the war is about oil?
Even if US embezzled ALL income and had ZERO expenses and EVEN if you assume the war on Iraq didn't cost a dime - it would still take 50-42 years to get the any profit from Iraqi old.
Anyone "oil conspiracy" junkie care to comment with some brains and lack of "its about oil" "finish his father job" slogans?
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Where do you get these numbers?
The CIA factbook has completely different ones:
http://www.cia.gov/cia/publications/...s/iz.html#Econ
External Debt: $62.2 Billion
Exports: $15.8 Billion
(And btw the export # is low because of the Oil for Food program, preventing Iraq from truly capitalizing on its oil wealth)
And regardless, it's not as if the debt has to be paid. Who is going to make the United States satisfy Iraqi debts?
And it's more for favors, government contracts, (E.g. Haliburton) and political interests.