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Libya War Cost: $600 Million in 6 Days

ABC News: One week after an international military coalition intervened in Libya, the cost to U.S. taxpayers has reached at least $600 million, according figures provided by the Pentagon.

U.S. ships and submarines in the Mediterranean have launched at least 191Tomahawk cruise missiles from their arsenals, costing $268.8 million, the Pentagon said.

U.S. warplanes have dropped 455 precision guided bombs, costing tens of thousands of dollars each.

A downed Air Force F-15E fighter jet will cost more than $60 million to replace.

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Cost of Libyan War

We shouldn't lose sight of the fact that the most recent surge in the price of oil - from around $90/barrel to $110/barre­l - followed our interventi­on in Libya and the halt in exports from that country. The extra billion dollars a day that oil consumers are consequent­ly paying to oil producers (Russia, Iran, Venezuela, et al.) should be considered part of the war's cost and dwarves the cost of the actual military operation.

Libya was exporting 1.5 million barrels a day, which doesn't seem like much in a world where 80 million barrels are produced daily, but remember we are talking exports. Global crude oil exports are about 40 million barrels/da­y; so, while Libya's production is only 2% of global production­, its exports constitute 4% of global trade, a significan­t loss to the global market.

If you believe the current high price of oil results from the general turmoil in the Middle East, not the war in Libya, consider this timeline:
Date Event Price of Oil (WTI)
12/17/10 Young marketeer immolates himself in Tunisia $88
1/14/11 Tunisian President Ben Ali flees country $88
1/22-27/11 Algerians & Yemenis protest, Egyptians occupy Tahrir Square $85
2/11/11 Egyptian President Mubarak resigns $83
2/15-21/11 Protestors shot in Bahrein; Libyan rebels take over Benghazi $83
2/26/11 UN imposes sanctions on Libya $95
3/27/11 No-Fly Zone approved $97
4/1/11 Libyan rebels retreat from Brega $105

I bet the Pentagon isn't too happy about this....

especially since it is coming out of their military budget, and not going to the work they had planned to do in Afganistan, ie..getting their poppies for herion, via our military men, and women that are fighting ghosts/Bin Laden look alikes.

Easy come. Easy go.

Easy come. Easy go.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

that's a discount

afghan/iraq = 1 bil/day.

And that's just our cost

What is it costing the people of Libya to have us install their future puppet-tyrant?

Find out just what any people will quietly submit to and you have the exact measure of the injustice and wrong which will be imposed on them. - Frederick Douglass

bloody shame!

makes me think of the homeless veterans sleeping by the river in Sacramento California.
The money is not for them the money is for the war machine.

LL on Twitter: http://twitter.com/LibertyPoet
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Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

$100 million/day

and they can't find $61 billion/year to cut from the budget? What a travesty this CR nonsense is! Rand's proposal cut of $500 billion should be the starting point. Ron's idea of 10% is my thought.