The Oil Drum | Problems with our oil from Iraq

15 comments on Problems with our oil from Iraq

Comments can no longer be added to this story.

| Show without comments | PDF version

joule on October 27, 2005 - 9:33am

Let's see, our 'investment' in Iraq so far is already well over $200 billion, and the meter continues to spin at a rate of well over $1 billion per week, with no end in sight. And what has this investment gotten us? Well, it looks like we have somehow managed to generate incremental oil production of about NEGATIVE one million barrels per day. Pretty impressive, don't you think?

If we start a war with Iran, maybe we can destroy at least another million barrel per day or more.

What an energy policy!

Comments can no longer be added to this story.

Gloomy on October 27, 2005 - 4:40pm

I often think of that too.

According to the Hirsh report investments in coal to liquid plants cost $66 billion for 1 mln.bpd; USA has huge coal reserves, if it invested these 200 bln. in CTL we would eventually have 3 times the Iraqi production secured - here at home, without dead people, ruined international reputation etc.
So, where is the logic of this war? Complete madness.

Comments can no longer be added to this story.

15 comments on Problems with our oil from Iraq

Comments can no longer be added to this story.

| Show without comments | PDF version

Search The Oil Drum with Google

Support The Oil Drum

Click the button to learn about supporting The Oil Drum with a secure donation.

Peak Oil Primers

Beware email scams!

Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.

“So one may almost say that the theory of universal suffrage assumes that the Average Citizen is an active, instructed, intelligent ruler of his country. The facts contradict this assumption.”

—James Bryce (1909, 35)