Written by Global Jihad
The official direct expenses, so far (03/2008), on the wars in Iraq in Afghanistan is about $502 billions, 85% of the many went to finance the war in Iraq. Even in the best optimistic scenario somewhere in the next five years, and few hundreds billion Dollars more, it will be possible to send most of American troops back home.
The most America can wish for is to transfer Iraq from a brutal Saddam Hussein style dictatorship to an Egyptian style non democratic regime, largely depended on the good will of Iran. Even USA does not believe, any more, that a functioning democracy will prosper in Iraq. The question - was it worth will hunt the American economy and diplomacy for many years ahead.
Although there is an increase in Iraq oil production to the level of the pre-war period, it is still very law since Iraq was under international sanctions and produced only 20% from its peak. The goal of minimizing dependency on foreign oil is an absolute failure.
The price of oil went ballistic high, to a level of more then $100 a barrel, undermining substantially, American economy. The Middle East remains unstable as it always was and even more. The largest oil reserve in the World, in the Gulf, is in the range of defiant Iran, determined to control the region through nuclear weapons and to drive out USA (and Israel) from the Middle East.
Piles of trillions (Trillion =thousand billions) of dollars are accumulating in the Non Democratic countries of the Arab Peninsula in such a degree that the future of American economy is no longer in USA hands but much more in the Arab oil producers. The way they will use their unlimited stock of dollars will determines the American level of life much more then any decision made by the American administration or the Federal Reserve.
Lucky for USA, Arab peninsula States are depended on America when it comes to a conflict with Iran. Because of historic religious reasons the Arab Emirates and Saudi Arabia prefer to be depended on USA rather then Iran and for the time being a fragile balance between USA and Arab Peninsula states save the America’s economy from a catastrophic crisis.
If America wants to stop its dependency on foreign oil, to recover its economy and to learn an useful historical lesson from the war in Iraq. USA must realize that energy independency can not be achieved, in the long run, by conducting expensive wars in remote places on other resource.
America can easily overcome the energy - economical crisis by giving a new direction to the economy through the using of existence technologies like Bio- diesel or clean and safe nuclear reactors and by creating new technologies, just as she did many times in the past.
The point is that USA invested, directly, $502 billions on the wars in Iraq and Afghanistan. Some American Economy professors estimate the indirect expenses, so far (03/2008), as high as $3 trillion dollars. US did not expend even 1% of that huge amount of money to develop other resources of energy.