Archive for July 17th, 2008
How Much Oil Would It Take To Buy Out the US?
By Hazzard - Last updated: Thursday, July 17, 2008
Interesting article that talks about the total net worth of the US and then divides that by the price of oil. It turns out that 400 billion barrels of oil would buy the entire US. Saudi Arabia and Iran have just enough proven reserves to cover it. http://articles.moneycentral.msn.com/Investing/Extra/HowMuchOilItdTakeToBuyTheUS.aspx If only oil wasn’t such a valuable [...]