![Iraq War Could Have Paid For 100% Renewable Power Grid Washingtons Blog, ritholtz.com
Wind energy expert Paul Gipe reported this week that – for the amount spent on the Iraq war – the U.S. could be generating 40%-60% of its electricity with renewable energy…
The war in Iraq has cost $1.7 trillion through fiscal year 2013, according to Brown University’s Watson Institute for International Studies. That’s trillion, with a “t”. Including future costs for veteran’s care, and so on, raises the cost to $2.2 trillion.
Because the war was financed with debt, we should also include a charge for interest on the debt. The Iraq war’s share of cumulative interest on the US debt through 2053 will raise the total cost of the war to $3.9 trillion. […]
It is ironic, indeed, that the Iraq war was largely about oil. When we choose subsidies for conventional energy sources – war or otherwise – we sell our future down the river.](http://24.media.tumblr.com/0eeb8ddadf5b77ddc3f31163ecffa610/tumblr_ml99pteiWz1rpnttlo1_400.jpg)
![borcsok:
World’s Richest Countries by Oil and Gas Reserves [via]](http://24.media.tumblr.com/bf99e1dad0430cc2723112e595538ce2/tumblr_mk6enrArSF1qdxdf1o1_400.jpg)
Facts About Oil
- Global oil consumption grew by 0.7% million barrels per day, or 0.7%, to reach 88 million b/d. This is a low growth number.
- Global energy consumption rose 3.5% in 2011l, OECD consumption dropping little-by-little the past few years balanced against developing economies consuming 5% more energy per year. China’s consumption grew 71%.
BP Statistical Review of World Energy 2012
Yeah, it’s kind of crazy that you can just get well-researched information online, as opposed to the slipshod journalistic I’m always drawn into.
