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Originally Posted by mini onsider the amount of oil and gas products used by the U.S. military over the past 8 years |
No need to make it complicated. According to the Center for Strategic and International Studies in Washington, the US military (not just in Iraq) uses 1.2 million barrels a month — or roughly 40,000 barrels a day -- out of global demand of 86 million barrels per day. That's .047%. Hardly enough to have a big impact on world prices.
It's far more likely that the increase in demand over the last ten years from China (almost 8% per year average increase over a 10-year span) and India (not sure what the % is) has a lot more to do with price increases than US military usage. US increases in energy consumption ran about 1.5% annually over the same period -- at a time when the population went up about 8% or so over the 10 years.