600,000,000,000 or 780,000,000,000 dollars

[madrchsod]

the country of kuwait has found a new field in northern kuwait with an estimated 10-13 billion barrels of light crude and light crude was around 60 a barrel when this was reported last month.


estimated dollars of iraqi proved crude?--- 7.5x10 to the 12 power

estimated dollars of iraqi estimated crude---1.59x10 to the 13 power

estimated dollars of the region`s proved crude resources ---4.29 x 10 to the 13 power

google calculator gave me these figures using 60 dollars per barrel

the dollar amounts of middle eastern natural gas is harder to calculate but one field i read about has an estimated 13 billion dollars worth of gas for at least the next ten years. the pipeline will be built across to pakistan to link with other pipelines to pakistan,india,and china.

no wonder we are building the worlds largest foreign embassy in iraq....

[MadHound]

1. Sad that this is big news

It show how desperate we are for oil when a strike that will only fulfill US consumption needs for less than two years(650 days) is all the sudden considered to be newsworthy.