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Originally posted by Jenna
Despite popular belief, we did not go to war for oil nor do we get our oil from Iraq.
US Oil Imports
The top five exporting countries accounted for 69 percent of United States crude oil imports in October while the top ten sources accounted for approximately 85 percent of all U.S. crude oil imports. The top five sources of US crude oil imports for October were Canada (1,840 thousand barrels per day), Mexico (1,178 thousand barrels per day), Saudi Arabia (1,114 thousand barrels per day), Venezuela (887 thousand barrels per day), and Nigeria (812 thousand barrels per day). The rest of the top ten sources, in order, were Colombia (400 thousand barrels per day), Angola (311 thousand barrels per day), Algeria (259 thousand barrels per day), Kuwait (215 thousand barrels per day), and Ecuador (203 thousand barrels per day).
Originally posted by Griffo
Ohh if only you knew how expensive petrol prices were in the UK. £1.30 a litre in some places!
As a comparison (roughly): $3.50 a gallon would be $0.77 a litre? According to xe.com (money conversion website) that works out at £0.49 per litre!!
Originally posted by Gixxer
Originally posted by Jenna
Despite popular belief, we did not go to war for oil nor do we get our oil from Iraq.
US Oil Imports
The top five exporting countries accounted for 69 percent of United States crude oil imports in October while the top ten sources accounted for approximately 85 percent of all U.S. crude oil imports. The top five sources of US crude oil imports for October were Canada (1,840 thousand barrels per day), Mexico (1,178 thousand barrels per day), Saudi Arabia (1,114 thousand barrels per day), Venezuela (887 thousand barrels per day), and Nigeria (812 thousand barrels per day). The rest of the top ten sources, in order, were Colombia (400 thousand barrels per day), Angola (311 thousand barrels per day), Algeria (259 thousand barrels per day), Kuwait (215 thousand barrels per day), and Ecuador (203 thousand barrels per day).
And for those who care, historical oil import data can be found here.
you are way to sane and rational to be in these forums, but i agree with you 100% , iraqs oilrights were done by bidding and sorry to tellthe uninformed in this thread but the u.s didn't recieve them.edit on 6-1-2011 by Gixxer because: (no reason given)
Originally posted by zerbot565
as someone who pays more the 1.30 euro on a regular basis for a liter of petrol thanks to the wars in the middle east i feel a bit dumbfonded when looking at you "yanks" moaning about petrol prices ,
Originally posted by yankeesfan1000
It's not about where the oil is coming from, it's who profits from the sale of it. Iraq's neighbors have their oil nationalized so no companies profit of it, and have for 30 years or so. So the Bush Administration decided to draft Iraq's oil law for them. What it states is that 2/3 of the 112 billion proven barrels, it may be as high as 220 billion go to the Big Four, Exxon, Chevron, BP, and Royal Dutch Shell. The oil is overseen by the Iraqi Federal Oil and Gas Council, with which oil representatives may sit. It also does not require these companies to employ, or share drilling technologies with Iraqi's in any sense.
These deals are all stated in production service agreements, or PSAs. These have lives of up to 40 years, and contain what are called stabilization clauses that immunizes these agreements from any and all Iraqi legislation. For example, if a future Iraqi government wanted to introduce a minimum wage and an oil company was employing Iraqis and this effected the company's profit, the government would have to reimburse the company for their lose in profits, or the law would not apply to them.
The US Ambassador to Iraq Zalmay Khalilzad said, "This constitution was cooked up in an American kitchen not an Iraqi one." (www.alternet.org...) This also has the potential to shift the balance in power between these oil companies and OPEC. This has been an objective of big oil for decades. As long as OPEC has control of a majority of the worlds oil, they have the US by the....well you know.
Originally posted by jerico65
reply to post by urmenimu2
And just because the price of oil is low, doesn't mean that gas is going to be low. Depends on the refineries; if they aren't keeping up with demand, gas supplies will be low and the price high.
Do everyone a favor and drop the "We went to Iraq for oil" statement. It's so wrong it's not funny. If that were the case, we'd have stopped the war after overrunning the oil fields on the first days of the war.
Originally posted by Neopan100
reply to post by Jetman44
I watch international house hunters and one show was about a teacher moving there (Dubai) from USA.
She got a 65K allowance for housing. Most places are filled within a day of the previous tenant moving out. The real estate goes so fast that she didn't really have time to make up her mind about which place she wanted.
God did that place look awesome. I don't know much about it other than what was said on that show..but my god ever single place in that city looked immaculate. The realtor said the average citizen has a worth of 17 million dollars. She also went on and on about how they want the VERY best schools in the world and the best this and best that.
If I had the cash I might consider moving there!
Originally posted by zerbot565
reply to post by jerico65
not only has our petrol prices sky rocketed , the U.S lobby machine went over here and "convinced" us to buy your
over produced corn for ethanol petrol, ...
petrol which burn at a such high temp that its distined to burn a gasket or set you on fire when tanking ,
i mean i just dont get it any more ,
you over produce corn for some dumb reason while you should be farming food,
you dont use it your self but you sell it abroad even thou there is no market for it here,
we are in a sence being forced to bring that heavily ethanol based petrol because of
global warming scare mongering into our daily rutine,
im just so pissed i cant even type words or formulate meanings when thinking about the share size of this global scam ,
Originally posted by Gixxer
you are way to sane and rational to be in these forums
Originally posted by urmenimu2
as i already stated, yes we did go to war for oil, for MULTINATIONAL OIL CORPORATIONS. get yr head out of the sand. are you saying we went to war for al-queda? its well known they wernt even in iraq. wake up.
Oil prices are surging to levels that will soon crimp economic growth. And what's our government doing about it? Just making it worse.
Since President Obama took office in January 2009, the price of oil has rocketed 117% to $90.41 a barrel and gasoline has jumped 67% to $3.07 a gallon. In the 34 industrialized nations, oil imports have surged 34% in the last year to $790 billion. The U.S. alone has seen a $72 billion jump.
All this imperils a fragile recovery from the financial crisis. "Oil prices are entering a dangerous zone for the global economy," says Fatih Birol, chief economist at the International Energy Agency.
Given the clear threat, it's economically irrational to sit on our hands and fail to develop our own energy resources. At least 130 billion barrels of oil and trillions of cubic feet of natural gas lie offshore, and hundreds of billions of barrels more are locked in shale deposits in the Northeast and West. Yet our policy remains leaving this wealth alone.
More than mere incompetence is at work here. It's becoming more and more obvious that Obama's energy policy is meant to raise prices by making fossil fuels harder to produce and use. Indeed, the White House has followed a deliberate policy of attacking Americans' use of energy, turning it into something of a moral crusade.
In just two years, as Steve Everley of the American Solutions blog has noted, the Obama administration has:
• Virtually shut down oil drilling in the Gulf. Yes, the six-month moratorium announced during the BP oil spill ended in November. But regulators have made it nearly impossible for oil firms to restart operations and have slapped strict new rules on drilling even in shallow waters.
• Put hundreds of billions of barrels of offshore oil and gas off-limits to exploration and production. By executive order, the administration has taken much of the energy-rich Outer Continental Shelf out of play. This, according to the Energy Information Administration, will cut this year's output by 220,000 barrels a day.
• Canceled 77 existing drilling leases in Utah, one of Department of Interior Secretary Ken Salazar's first actions and a move that set the tone for the Obama administration's war on energy.
• Proposed new taxes on energy, including the cap-and-trade fiasco, that have had a chilling effect on new investment in energy. Steven Chu, Obama's energy secretary, has already let the cat out of the bag by saying he wants to see pump prices in the U.S. as high as they are in Europe. Last we checked, that was $7 a gallon.
Take a minute to think about this logically and rationally. If we had gone to Iraq for oil, why would we still import most of our oil from Canada and Mexico?
Yes, we did go to war with Iraq to capture all that oil. But no, we did not do it for America or the American people. The proof is in the pudding - gas prices.