Oil exports
Why aren’t we using our own resources?
- Guest Column By Pete Wehrenberg Tuesday, June 5, 2012
Kuwait produces 2.75 million barrels of oil per day of which the United States buys 352,000 barrels. The United Arab Emirates produces 3.23 million barrels a day, the U. S. gets 35,000 of them.
Saudi Arabia produces 11.75 million, and exports 1.42 to the United States. We get no oil from Iran.
China, Russia, and Brazil only export to us a fraction of their daily totals. While Mexico sends us nearly half of its daily total and Canada send us 3/4 of theirs. These figures are available at the CNBC webpage.
And yet, with gas prices still over $3.50 per gallon, Yahoo finance says our country is now exporting more than it is importing.
What a great system. We squander our men, money and materials to try to keep stability in the Middle East so we can be assured of a free flow of oil, which we don’t need. And then we pay top dollar for it. Here’s a novel idea. How about we use our own oil, only importing any short fall or exporting any surplus.
But wait, that would be way too simple. We’d use our own resources. And they can use theirs. I’ll bet our prices would drop, employment would go up and the demand for Mid-East oil would shrink. Then how would the sheiks afford their extravagant palaces? So, perhaps it is best for the American workers to continue to tolerate the situation and feed the coffers of the princes. Be sure to thank your Congressman or woman, Republican or Democrat for the privilege with a ticket to retirement. Vote them out.
Pete Wehrenberg
Rotonda West, FL
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Items of notes and interest from the web.
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