DaN Posted July 17, 2008 Share Posted July 17, 2008 At the recent price of $140 a barrel, it turns out to be a mere 400 billion barrels, or just about the combined reserves of Iran and Saudi Arabia. Actual lol Link to comment Share on other sites More sharing options...
Endy Posted July 17, 2008 Share Posted July 17, 2008 I thought nominal US economic output was higher than that? The CIA has it listed at $13.8 trillion. (The EU is highest, but they're not a single country) Link to comment Share on other sites More sharing options...
markc7 Posted July 17, 2008 Share Posted July 17, 2008 It's based on the total value of privately own property in the US. here's the article: http://articles.moneycentral.msn.com/Investing/Extra/HowMuchOilItdTakeToBuyTheUS.aspx Link to comment Share on other sites More sharing options...
Endy Posted July 17, 2008 Share Posted July 17, 2008 Fascinating! Thanks for posting the link! Link to comment Share on other sites More sharing options...
michaelhobson Posted July 17, 2008 Share Posted July 17, 2008 I thought nominal US economic output was higher than that? The CIA has it listed at $13.8 trillion. (The EU is highest, but they're not a single country) 400 billion * $140 = 56 trillion. Link to comment Share on other sites More sharing options...
Endy Posted July 17, 2008 Share Posted July 17, 2008 Haha, I know. I was in the middle of multitasking with another math problem and mixed both up. This messup was just as bad as the other one, where I multiplied 45 grams of carbs by 13.8 trillion servings. This is what I get for multitasking. Link to comment Share on other sites More sharing options...
DaN Posted July 18, 2008 Author Share Posted July 18, 2008 This is what I get for multitasking Dude, we're men, stick to doing one thing at a time! Link to comment Share on other sites More sharing options...
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