Friday, September 5, 2008

Played on the Peninsula

We were played.

In February and April 2007, North Korea agreed to "abandoning all nuclear weapons and existing nuclear programs and returning, at an early date, to the Treaty on the Non-Proliferation of Nuclear Weapons and to IAEA [International Atomic Energy Agency] safeguards."

Supposedly, "this significant achievement commits all six parties to a denuclearized Korean Peninsula and will lead to a more stable and secure Northeast Asia."

For doing this, North Korea received as it "complies with its commitment to declare all its nuclear programs and to disable all existing nuclear facilities (including reactors and processing plants), further shipments of economic, energy and humanitarian assistance equivalent to 950,000 tons of heavy fuel oil will be delivered in line with the principle of "action for action."" (Source: US Dept. of State Website)

Well, they're baaaaaccccckkkkk! The picture above is the Yongbyon facility. IAEA seals are broken and it more than appears that North Korea is re-starting its nuclear programs. Sources say that it could produce plutonium within two months!

They agreed to the deal long enough to get their hands on the fuel oil and other incentives. Furthermore, I believe that China influenced North Korea to go along with the deal until after the Olympics in order to placate the rest of the world, and then crank up their weapons program once the Games were over. Well, it seems the Games have just begun!

What are we going to give them to stop for a little while this time??

Let's do the math: I found that there are 7 barrels of petroleum per metric ton. 950,000 tons X 7 barrels = 6,650,000 multiplied by the going rate for crude oil (I know, they sent fuel oil, but for calculations sake - let's just use this, OK?) $105/barrel today (9/5/2008) = $698,250,000.

Go figure.........