Somebody mentioned on another thread on this site that Iraq is exporting some crude despite the chaotic environment. But it is less than what was being exported when Saddam was in power.
That may or may not be a fact -- their export of oil -- yet how much as each barrel cost since the military adventure stated? I won't even mentioned the loss of lives on both sides since that would really be a disgustingly low blow, but just in the financial cost of such an adventure.
Well, before the war began we could say the cost of Iraqi oil would also include the costs of keeping Saddam bottled up: no-fly zones, naval task force(s) steaming in the Persian Gulf, air bases in a few gulf nations, all the maintainence and upkeep, personnel, etc.
However, now, since Saddam was ousted that cost has increased how many fold? 20 times? 25 times? 40 times? 50 times? 100 times?
On the world market, well, that cost can be easily measured by the cost of a barrel of crude before the invasion and what it is today. But if we limit that cost to just Iraqi exports of crude, what would that price be per barrel? $1,000 a barrel? $5,000 a barrel? $10,000 a barrel?
I suppose it could be easily measured by the cost of the occupation -- in hundrends of billions of taxpayer dollars -- divided by the barrels of oil exported from Iraq since the occupation.
Mighty expensive oil ... and that is not counting the loss of life on both sides.



LinkBack URL
About LinkBacks




Reply With Quote
Bookmarks