Thursday, November 06, 2008

$700 billion per year

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seems to be the number to cite as what we pay terrorists for oil.
We use 20+ million barrels per day.
Yes, 20 mbbl/day * 350 days * $100/bbl = $700 billion.
But 11 mbbl/day comes from North America
(CAN=2, US=8, MEX=1)
In 2007, oil imports cost $342 billion.

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About 5 quads of natural gas are used for electricity.
This is 20% of the 25 quadrillion BTUs of oil imported, not 38%.

1 comment:

John's Arts & Crafts said...

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