RE: Saudi journalist killed and hacked inside Saudi embassy in Istanbul
October 17, 2018 at 10:57 am
(October 17, 2018 at 10:38 am)Khemikal Wrote:(October 17, 2018 at 8:32 am)Joods Wrote: We have a ten year supply of oil in our own reserves. Why is it that we cannot use our own fucking oil? What is so important about foreign oil?
I'd seriously like to know.
A combination of economic incentive and strategic planning. Foreign oil we can get cheaper than domestic (and keep our own relatively less well leveraged wells on hand for any emergency)...but our little spats to the north and south are more salient in this regard than the middle east.
Quote:In 2014, petroleum and natural gas were the two largest sources of energy in the U.S., together providing 63 percent of the energy consumed (oil provided 35 percent and gas 28 percent).[6] In 2008 the United States consumed 19.5 million barrels (3,100,000 m3) per day of petroleum products, of which 46 percent was gasoline, 20 percent diesel fuel and heating oil, and 10 percent liquefied petroleum gas.[7] In 2015, the U.S. imported 24% of the petroleum it used, the lowest since 1970.[8] The largest sources of U.S. imported oil were: Canada (40%), Saudi Arabia (11%), Venezuela (9%), Mexico (8%), and Colombia (4%).[9]b-mine
We quietly got out of saudi oil the past few decades. Still, it's useful, and they want to sell it to us cheap.
Fair point however, since it's only 11% of our foreign supply, can't we just say "fuck you" to MBS and get our oil elsewhere?
I really am trying to understand why we "need" their oil so much where there are other less violent countries we could be getting our supply from.
Disclaimer: I am only responsible for what I say, not what you choose to understand.