Can anybody please calculate the amount in US $ for me for the following stuff. I dont know the exact prices in International market for them.
Proved Reserves in IRAQ (Source CIA Factbook)
OIL: 112.5 billion bbl (2006 est.)
Natural Gas 3.115 trillion cu m (1 January 2005 est.)
Proved Reserves in IRAN (Source CIA Factbook)
OIL 132.5 billion bbl (2006 est.)
Natural Gas 26.62 trillion cu m (1 January 2005 est.)
1 trillion = 1000 billion
2007-03-12 02:10:16 · 2 answers · asked by ? 1 in Social Science ➔ Economics
You can find Oil and Gas prices in wall street journal.
You'll have to deduct cost of extracting that oil, transportting it and policing the country.
2007-03-12 08:53:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As of 9:34 a.m. on March 12, the price of a barrel of oil is $60.05 a barrel, and natural gas is $7.23 per cubic meter. Thus,
Iraq
Oil: $6,755.625 billion
Natural Gas: $22,521.45 billion
Iran
Oil: $7,956.625 billion
Natural Gas: $192,462.6 billion
2007-03-12 09:34:36 · answer #2 · answered by theeconomicsguy 5 · 0⤊ 0⤋