Oil, Debt & the Numbers
All the news stories about Iran rattling the sabre of no oil exports got me thinking about numbers—hearing about huge numbers on a daily basis tends to make us numb and immune to the true impact of our country’s situation regarding oil and debt.
For example, Iran exports 2.2 million barrels of oil per day, or about 3% of the world’s supplies. Iran’s net oil export revenues totalled about $73 billion dollars in 2010. Staggering numbers to think about, especially when the U.S. is on the “other side” when it comes to needing that oil to run our country.
So here we go: A million hours ago was in 1885– Iran exports more than double this amount DAILY. And, a billion hours ago man had not yet walked on earth! Iran made 73 times that JUST LAST YEAR.
Think about those numbers and the rate at which the U.S. is spending, one million dollars ago equals just FIVE SECONDS—and a billion dollars ago was…. just LATE YESTERDAY AFTERNOON! (Note, these measurements were made pre-Obama.)
Now how about the total U.S. debt at $15.3 trillion (and rapidly rising)?
One trillion seconds is 31,688 years, when Neanderthals lived in Europe. Our country did not even EXIST, nor had Western Civilization even been around that long! Our beloved country’s debt load is OVER FIFTEEN TIMES that number.
And the Obama Administration happily clicks along.