At $60 barrel, the US is paying approximately $290 billion per year for imported oil.  Plus the security tax.  That tax includes deployments and operations beyond the Iraqi theatre.  However, based on the public estimates that Iraq cost $100 billion last year , it would appear the US economy pays 30% more for oil as anyone else.  Put another way, China pays $60 per barrel of imported crude oil.  Adding the cost of oil security, America pays more than $90 for the same barrel of oil.  Even the United States cannot keep this up forever.
 

Sobering look at the true cost of our Iraqi misadventure.

This entry was posted on Monday, January 29th, 2007 at 7:13 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.