Sunday, December 18, 2005

Doin' my homework

So Friday while no one else was talking about the gay cowboy movie, I had a request that I do some homework and find out how long it would take Iraq to pay us back in oil for the cost of "liberating" their country.

The caller asked that I assume 2 million barrels a day and suggested a cost per barrel of $30.

The cost of the war, according to congressional appropriations - as of Sunday night was $227,480,000,000.

Using the previously stated assumptions, it would take Iraq 3,791 days to pay off their financial debt - or just under 10 1/2 years.

However, according to NYMEX, the cost of oil Sunday night was $58.06 - almost double the callers stated price. Iraq's PEAK oil production was just before it invaded Kuwait in 1990 (3.5 million barrels per day). In 2004, they averaged 2.2 million barrels per day, so to think that we're going to get all that, is silly. Let's change that figure to 1.5 million barrels a day - leaving them 700,000 barrels - more than adequate.

Using the new figures, Iraq could repay us in 2,612 days - just a hair over 7 years.

And assuming all that,  the 2,000 plus American soldiers who gave their lives would have done so for free. Calculate the loss of life and there's no price - per barrel - or anything else - that would have made it worth it.

Want more details on Iraqi oil production? Click here.

Sunday morning thoughts ...

"Ow." That was my first thought. I am so tight today after playing football for three hours yesterday. I know, i whined about this in my last post, but it still hurts - so I'm whining more. Deal with it.

My second thought was: "How did the Bills end up doing last night?" It was 14-7 Denver when I crashed. For the record, the Broncos won 28-17, which is actually better than I thought the Bills would do. How more more games do we have to lose to get the #1 draft pic?

Thought 3: "George Bush is a bastard." It's bad enough that he showed no remorse for subverting the 4th Amendment, but then he said the NY Times jeopardised national security by pointing out that he's ignoring the Constitution. It's always blame someone else with him. And the saddest part is that there's still a significant portion of the country that is willing to burn and shred the Constitution "if the government will keep us safe." Safe - slaves - what's the difference. Side note: It was nice to hear Judge Andrew Napolitano filling in for Bill O'Reilly on Friday cause O'Reilly has no interest in the Constitution, but Napolitano spent the show ripping Bush. Thanks judge.

I think that as of tomorrow, the forum at will be members only. And I'll log back in and take control. Also, people will only be allowed 1 account. Anyone with more than one account will have all of their accounts deleted. We'll see if that solves any problems.

The Sabres rock! - which, needless to say, I'm happy about. A friend of mine and his new wife are coming up from Cleveland next month to go to a game. They're staying with us at the Ranch. Excited about that.

And finally, you can't judge a Santa by his colors as drunken Santas wreak havoc in New Zealand. Funny shit.