As long as they have petrodollars fueling their economy,they can overcome any economic crisis.And as for the war in middle east,well most of its expenses are borne by gulf countries.So US has nothing to worry as long as it has their oil producing friends to exploit
I think the US spent over a trillion dollars on the Iraq invasion and decade of occupation. I'm not sure how much all the other nations combined spent, but I'd be willing to bet it was not a trillion dollars.
The gulf war costs US$ 40 billion. Out of
the US$ 40 billion the US spent only
US$ 10 billion or 25%. The rest US$ 30
billion comprising 75% of the war
budget was spent by Arab country’s
Kuwait and Saudi Arabia. How did they get this money?
Before the war the average price of a
barrel of crude oil was 15 US$. With
the Gulf war it increased to 42 US$.
There by they got an extra profit of US
$ 60 billion.
To whom did this profit go?
According to the “50% -50%” law in
Arab countries 50% of it belonged to
the governments. The other 50% went
to the multinational oil companies
controlling the oilfields.
That means US$ 30 billion for those
companies and the other US$ 30 billion
for Kuwait and Saudi Arabia.
Who owns those companies?
Middle-East oil exploration and trade
is under 7 companies (Shell, Mobil,
Esso etc.). All these companies are
American. The US Government owns 5
of them. Therefore from the 30 billion
dollar profit for these companies,
about 21 billion belonged to the
American government and the
remaining 9 billion to the American
private sector.
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