Some Facts About Oil

Here is "A 10 For You!"

Thanks.

Thanks for posting at Scores 4 Everyone.

Alternative sources. We cannot drill our way out of the situation. It's all B.S., anyway.

Here's a 10 for you!! Thank you for posting this to the Gimme 10!!! Group

Green is better

Point Karma : Thanks, gave you a 10! Have a great night!

The more sources of energy we have available the better off we'll be.

We need to develop our own sources.

Since 45% of our oil comes from right here in the USA, when you do the math, it works out to 15% of the oil we consume coming from the Middle East.

Saudi Arabia: 16.9% - Mexico: 15.1% - Canada: 15.0% - Venezuela: 14.4% - Iraq: 11.4% - Nigeria: 5.9.%.

How did u come up with only 15% of oil from ME. Saudi Arabia & Iraq add up to 28%. I m guessing u messed with the math some whr.

Changing consumer habits would help as well, less plastic, better driving habits, better energy conservation.

They are going to work the believers into a frenzy . We had cars that were getting good mileage , but the larger ones made more money for them . Greed , the common U.S . denominator .

Centrist Citizen, I didn't do the math, the US Department of Energy did the math. But the way they got the figure is that the 28% is the total for imported oil, and does not include the 45% of oil that comes from the United States. So you only take a little more than half the 28%, and that's how they got 15%.

The point is that we spend $700 billion a year on imported oil. That's at least $600 billion too much.

Thanks for the info!!

Regardless of where it comes from--it ain't gonna be enough, my friends. What the specific sources are matters very little when you are talking about a world-wide market. These numbers make it appear that it really wouldn't matter all that much (to us) if, say, the Straits of Hormuz became impassable. Not so. Nearly ALL of the foreign sources (comprising 55%) of our usage, including our good Canadian and Mexican pals, would dry up/be diverted, and we would strangle. Something to think about. (Believe me, people like Dick Cheney spend a LOT of time thinking about it, and figuring out how to profit from it.)

Yes we should spend those years working on alternative sources AND ways to lessen what we already use.

I am a stay at home - disabled - mom. Due to multiple conditions I have been keeping my AC in the low 70's. Justification is if I am going to be miserable in all these other ways then I at least deserve this one small comfort. Well enough is enough. We started raising the thermostat a degree at a time on both the up and downstairs units. Our goal was 76 but gee 75 would have been good too. Well now it is at 77 to 78 and we are still comfortable.

More truths about oil need to be addresses by more people, especially the ones we vote to speak up for us. Like the fact that used to gasoline prices were determined by what the actual cost of the fuel was when it reached the station. Then it went to being what the cost per barrel was that day. As soon as the cost per barrel rose so did the cost of gasoline. Monday we hear a report that the cost per barrel had dropped but BUT that it would take a long time before that effected the cost at the pump. Now that is bull! You cannot say justify an immediate rise due to cost of oil and then tell me that with a drop we have to WAIT! BULL BULL BULL

Also why are they pushing so hard RIGHT NOW to drill in ANWR and off the coast in some places when these companies have the rights to drill in a grand total of over 65 million acres in the US that they are NOT doing right now!??? So why such an urgency? W is why. He has made a strong point not to regulate or have minimal and ineffective regulations in areas that deal with big business, especially oil. He is pushing for this because his buddies in Big Oil know if he does get it passed that it will be very unregulated.

So why are more people not calling it like it is??

And on the alternative front....yes there are drawbacks....but if we will just keep trying and doing we will begin to eliminate these drawbacks. And to boot I am sure the Federal Gov't would be happy to set up tax breaks, grants, whatever to Exxon et al. that could employee scientists to allow them to get in on this market too. They already know what it takes to make energy using oil, so why not expand on that and then they can still rake in the profits double fisted.

interesting

Rhetta,

Really good job with this post.

These are ther most important points that Americans need to know, so as to avoid jumping on the give more control and power to oil companies bandwagon.

Rhetta,

These are important points that people need to know. In addition, people need to realize that The United States Strategic Petroleum Reserve As of July 15, 2008, the current inventory was 706.2 million barrels of crude oil. It is stored underground and maintained by our government.

Thankfully, the Senate voted to suspend stockpiling it for now, since we were paying the top dollar to fill the reserves.

Thanks for the clarification Rhetta.