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The myth of middle east oil. The top 15 U.S. oil suppliers.
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I know there are a lot of things that effect gas prices and oil prices. Refineries, demand, value of the U.S. dollar, OPEC, greedy futures traders
etc. However the medias main statement is usually "Oil prices rose due to instability in the middle east" The Iraq war and futures traders started
all this mess with their speculation and driving up the prices. I find this strange since 1 of the top 5 U.S. Oil Suppliers is from the middle east
and that is Saudi Arabia, and just 3 of the top 15 is from the middle east.
Source top 15 U.S. Oil
Suppliers
I also found this article which is pretty interesting and pretty much covers everything I wanted to say in this thread so I will just link to it. The U.S. and Middle East Oil
Whats everyones thoughts on this? Like I said I'm aware of the many factors of oil prices. My issue with this is the U.S. government and the media always citing instability in the middle east for rising oil price.
[edit on 21-2-2009 by hoppinmadd1]
[edit on 21-2-2009 by hoppinmadd1]
[edit on 21-2-2009 by hoppinmadd1]
I also found this article which is pretty interesting and pretty much covers everything I wanted to say in this thread so I will just link to it. The U.S. and Middle East Oil
Whats everyones thoughts on this? Like I said I'm aware of the many factors of oil prices. My issue with this is the U.S. government and the media always citing instability in the middle east for rising oil price.
[edit on 21-2-2009 by hoppinmadd1]
[edit on 21-2-2009 by hoppinmadd1]
[edit on 21-2-2009 by hoppinmadd1]
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