Graphic Of The Day: What's A Patriot To Do?
by John Laumer, Philadelphia on 06.15.08
This is worth reflecting on, we think. OPEC controls the largest means of oil production. Meanwhile, its customers happily use OPECs product to destroy earth's climate. The US government wants OPEC to significantly increase production. They seem willing to oblige - though begrudgingly.
China and India are the primary demand-increasing customers. You know the lifestyle choices. The politics, we will leave for another blog. Via::Energy Information Administration, Country Analysis Briefs, OPEC Revenues Fact Sheet, OPEC Oil Export Revenues.
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Green Noise In the New York Times
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>its customers happily use OPECs product to destroy earth's climate
eh? That include you? Personally I have to use their product, but I don't know anyone that does so with the intent to destroy earth's climate. That's just a very weird thing to say.
"What's A Patriot To Do? " What dose this mean? Are you insinuating OPEC's profits are unpatriotic and maybe we should invade them to force them to lower their prices the way we invaded Iraq to get it's oil? Maybe you should look at U.S. imports by country from the same site or any other site if you choose. Just a snippet from the data available
U.S. Imports by Country of Origin, EIA http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm
TOTAL U.S. CRUDE OIL AND PRODUCTS IMPORTS FOR MARCH 2008
Persian Gulf countries 78,071,000 barrels
OPEC countries 183,947,000 barrels
Saudi Arabia(only) 47,806,000 barrels
Non OPEC countries 205,118,000 barrels
Canada(only) 78,814,000 barrels
Mexico(only) 42,111,000 barrels
The U.S. imports 150% more oil from Canada than Saudi Arabia with Mexico exports to the U.S. almost equal to Saudi Arabia's. Non OPEC imports are more than OPEC's imports. What's A Patriot To Do? Invade Canada and Mexico?
Regarding Chinese subsidizing of fuel, if they don't subsidize then workers will demand and get pay raises to cover the cost of transportation and the factories they work for will have to raise prices to cover increased labor cost. This will be passed on to consumers. There is no free lunch. The U.S. Government should have started planning for this when Nixon opened up China and after the oil embargoes of the 70's. You don't invite one billion plus people to the table and ask their factories to make everything that our factories used to make without expecting some increase in consumption. That's economics 101, supply and demand. The biggest culprit is the total lack of an energy policy that doesn't involve sending in the Army or blaming the Arabs for our lack of foresight and political fortitude.
The U.S uses 25% of the worlds oil and only has 5% of the population, maybe they should learn not to waste oil.
The U.S uses 25% of the worlds oil and only has 5% of the population, maybe they should learn not to waste oil.
Ozzie says: "The U.S uses 25% of the worlds oil and only has 5% of the population, maybe they should learn not to waste oil."
Yeah, but you can also look at it this way: the US also produces nearly 1/3rd of the worlds products and services, but only 25% of the worlds energy imports. That said, we're already seeing consumption go down considerably, and far more in the future with new product developments happening ... and where are they happening? In the US, of course.