President Barack Obama Message Board

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Politics : President Barack Obama

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To: ChinuSFO who wrote (24540)	6/25/2008 12:07:57 AM
From: Wharf Rat	Read Replies (2) of 149317

"Gosh I wonder who are the folks who know for sure there is no tomorrow!!!" The people who own the oil. Forgetting for just one brief moment the incline or decline rate for Saudi oil, let's look at their current revenue from oil alone. Let's use 9.5 mbd x 135 = 1,282,500,000.00 One Billion, two hundred eighty two million, five hundred thousand and 00/100 dollars a day! And for one year: Over 468 billion - almost 1/2 a trillion, which is the amount our country has gone further into debt on average each year Bush has been president (5.4 in 2000 and currently 9.4 in 08 = 4 trillion divided by 8 yrs = 1/2 a trillion a year). Not that there's a direct connection between the two, except we do buy a lot of Saudi oil, but it does put into perspective the amount our Govt. currently borrows to support those three huge tax cuts and two war fronts. theoildrum.com

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