Wednesday, August 03, 2005

War for Oil Part Du

Thanks for your comments and the link Dino,Mike and Mark on my last post regarding "War for Oil.
I have to agree with your points in #1 to a degree Mike. I am in no way saying the U.S. could just walk into any country without a fight, and by no means would I suggest that our Canadian Forces are not up to the fight. I do know that despite the lack of support from our government, that our troops are one of, if not the best trained force in the world. Would be nice if they were as well equipt as they are trained though.
The point I was trying to get across was the size of the forces. You must admit that the US has far more military resources and one on one would eventually win through attrition.

Attacking any country does not makes fiscal sence... the war in Iraq has cost the American citizens something in the nieghbourhood of 211 billion dollars. At $38/barrel(the average price per barrel during the war) thats a hell of alot of oil. 5,552,631,579 barrels actually! The equivalant of 278 days of oil used by the entire US population completely paid for and yet not a drop to be seen anywhere. This does not factor in the cost of the lives lost or personel injured and the medical cost incured due to these injuries. The lives alone make the whole thing un-feasible in most peoples eyes(approx. 1990 soldiers from the coalition forces killed and close to 14,000 wounded, latest estimates say close to 25,000 Iraqis have lost thier lives. I could not find any numbers for the wounded Iraqis). Mind you are are talking politicians here, and they are far from "most people".

Second largest proven oil reserves? I guess that all depends on who's numbers you are using. The sites I found showing the numbers at best placed Iraq at #3 and as far down as #6.

Oil in the future...not likely...Oil will be just as coal is today. Other forms of energy are sure to take its place and 211 billion would have gone a long way in R&D. Alternatives to oil, The Hydrogen, Fuel Cells & Infrastructure Technologies Program, The Canadian Wind Energy Association and Galvanize Research and Development for Alternatives to Oil are a few good reads on this subject. Haliburton making money in the oilfield industry... well seeing they are one of the largest in the business and have been around since 1919 and have joined forces with other long time oil field busnesses such as Dresser and Brown and Root, makes sence that they would be involved in Iraq regardless of who was thier past CEO. I don't think anyone would benefit from an upstart company in this possition. Do you? Yes there is going to be a ton of cash made by companies over in Iraq. Thats what companies are suppose to do. Making a profit is not a crime and I would hate to see any company go over there and end up in the red because of it.

But I am a cautious optimist I guess.

Convergence of interests... such as? Maybe peace on earth and oil? Justice for all and oil? Fix our past mistakes(backing Sodamninsane) and oil? Take over the world one country at a time and oil? Finish what Dad started and oil? Not sure where you are going here Mark.

The US oil reserves can only supply one quater to one third of thier current use. They must import between 15 to 18 million barrels per day to make up thier shortfall. Who would'nt want to be friends with the Saudis? It always nice to have a few "rich" friends to chum around with.

Struggle? I don't think so! Politically Correct I am not. It is a War just the same as the "Police Action" in Korea was a War! I will call it what it is.

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