It Makes Sense Now.
NPR reported that four US oil companies may win exclusive rights to drill Iraqi oil. Big deal, right? We all suspected since the beginning of the war in 2003 that we were only there for oil, but it’s now a reality. The radio program said there are 100 billion barrels of oil at stake in the bidding.
Now here’s why it makes sense; 100 bil. barrels x $140.00/barrel = $14 Trillion. Yes, trillion – or otherwise, 14 thousand billion. Why wouldn’t we fight a war for a $14 trillion booty. The Spanish Conquistadors fought wars in South America for far less money.
I say we let them do it. If the US companies are taxed for their revenue at 35%, that brings 4.9 Trillion in corporate taxes into the system that could pay for half of the national debt.
On top of that, we should demand $50 gift cards to the GAP.
