J uU Some research ul hy facts for these questions) that you use in your answers

Question

J uU Some research ul hy facts for these questions) that you use in your answers (you'll (1) 2.8 million barrels a day-Kuwait oil export At current prices (~$40/barrel this year for interna what is the total annual oil-revenue of Kuwait With the current Kuwait population (use citizens only ationals".); what is the approximate annual income per Kuwait cit zen from oil (the main source of government revenue)? 2.9 million barrels a day-Iraq oil export (average in 2013) At current prices, what is the total annual oil-revenue of Iraq? With the current Iraqi population, and the fact that50% of the revenue seems to "vanish" (include this aspect); what is the approximate annual income per-Iraqi (per-person) from oil? (3) Hidden costs he Persian Gulf region (Arabia, Kuwait, Iraq, Iran, etc.) produces about 20 million barrels of oil per day. Since 2000, the average USA involvement in the region costs about $250 billion per year (minimum; includes adjacent Syria and Afghanistan). A stated purpose of USA military presence is "to stabilize the flow of oil from the region". Therefore, what is this "extra annual security cost per barrel"?

Explanation / Answer

Solution :-

According to me the amount of oil produced per day multiplied by the cost of each barrel will give the revenue.

Hence for calculating the total annual oil revenue we have ,

Oil produced per day * 365days * cost of each barrel

2.8million*365*40$ = 4088million$.(Ans)

2nd Part-

Current Kuwait Population is 4.053 million (from internet sources)

Approx. Annual income per citizen from oil is = Total Revenue/Total population

= 4,088million$/4.053

= 1,008million$(Ans)

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