$730,000,000,000

[Larry Gude (Premo)]

...per year.

That's what we're pizzing away right now on oil IN EXCESS price of a barrel. That's right, if we just assume oil is worth $50 a barrel, which is what it was ONE YEAR AGO, then we use $150, which is right around the corner, and it stays there for a year, it will dwarf what we spend on national defense. It would be the largest single item on our national tab.

Think about that. Can you imagine a federal program that goes from ZERO to $730 billion...in one year? That's a $2,400 tax on every man, woman and child in this country.

That is nearly double the largest single year budget deficit in our history. That is enough money to retire the national DEBT in about 11 years.

[Pete (Premo)]

What is worse is all that money leaves our shores for someone elses pocket. Not 1 added job, not 1 added salary.

[kwillia (Premo)]

We are doomed. The terrorists win.

[cwo_ghwebb]

My mind can't comprehend those numbers, just too many zeros. I guess if I got a check that large I'd put it in the bank and try to spend the interest.

[outlawrc]

Originally Posted by Pete

What is worse is all that money leaves our shores for someone elses pocket. Not 1 added job, not 1 added salary.

However, there are a few lost jobs and a few lost salaries due to cutbacks from the cost of fuel.

[Larry Gude (Premo)]

Originally Posted by Pete

What is worse is all that money leaves our shores for someone elses pocket. Not 1 added job, not 1 added salary.

...not so. US oil companies are making more money. US speculators are making money. Every single barrel of crude that comes out of US ground is also being traded at $150 or so. That's some 35% of our total consumption.

So, at least a third is directly domestic. It's that 65% that is going away.

Not to worry. It's coming back. They're buying us up like the Japanese did 20 years ago. Welcome to the UAE Pebble Beach Pro-Am, baby!

[onebdzee (Premo)]

Originally Posted by outlawrc

However, there are a few lost jobs and a few lost salaries due to cutbacks from the cost of fuel.

and a few more lost small businesses....and a few more houses being lost

[bcp (Premo)]

Im thinking its time for an ear of corn to be worth somewhere in the area of 50 bucks when it goes to the sand dwellers.

[ImnoMensa]

Thats opk we dont need to drill any more wellls. Just keep buying fro the Ayrabs.

Those people who vote against drilling are Sheit simple and they are running(ruining) this country.

[onebdzee (Premo)]

Originally Posted by bcp

Im thinking its time for an ear of corn to be worth somewhere in the area of 50 bucks when it goes to the sand dwellers.

like it's going to cost them something....that's not how all this crap works

UN tells the US to give it up....at no cost to them of course....We give it up and the UN gets the credit for it...Yay for them

Or in the case of North Korean....the prime minister(or whatever his title is) gets to be the hero by telling all the people that he is starving "hey, look at what a great leader I am....I made the UN give you food"