Iran, Saudi – enough oil to buy the USA

July 16, 2008 at 4:54 pm 1 comment

By Scott Burns

Most of us view the world through dollar glasses. It’s perfectly reasonable. Dollars, after all, are the currency we use in daily life. And those lenses, until recently, were distinctly rosy.

When we asked, “How much is that in dollars?,” we usually liked the answer.

But it may be time to ask another question: “How much is that in barrels of oil?”

Trust me, others are doing exactly that.

That’s when the world starts to look very different. It also looks more than a little scary to the U.S. Today, the net worth of the entire country is equivalent to a mere 400 billion barrels of oil. That’s a smidgeon less than the proven reserves of two Middle Eastern countries: Saudi Arabia (264 billion barrels) and Iran (139 billion barrels).

More: http://articles.moneycentral.msn.com/Investing/Extra/HowMuchOilItdTakeToBuyTheUS.aspx

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Entry filed under: Money, Politics. Tags: , , , , , .

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1 Comment Add your own

  • 1. Ghazala Khan  |  July 16, 2008 at 5:11 pm

    Interview Request

    Hello Dear and Respected,
    I hope you are fine and carrying on the great work you have been doing for the Internet surfers. I am Ghazala Khan from The Pakistani Spectator (TPS), We at TPS throw a candid look on everything happening in and for Pakistan in the world. We are trying to contribute our humble share in the webosphere. Our aim is to foster peace, progress and harmony with passion.

    We at TPS are carrying out a new series of interviews with the notable passionate bloggers, writers, and webmasters. In that regard, we would like to interview you, if you don’t mind. Please send us your approval for your interview at my email address “ghazala.khi at gmail.com”, so that I could send you the Interview questions. We would be extremely grateful.

    regards.

    Ghazala Khan
    The Pakistani Spectator
    http://www.pakspectator.com

    Reply

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