How Much Oil Would It Take To Buy Out the US?
By Hazzard - Last updated: Thursday, July 17, 2008 - Save & Share - One Comment
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 natural resource and we had other alternatives. Oh, and then there is the whole issue of how broke the US is……..
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Comment from The Loan Ranger
Time July 28, 2008 at 9:43 am
Well, they have enough oil to buy our country. We have enough nuclear weapons to turn theirs into two large plate-glass parking lots. Sounds like we’re even.