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OIL QUESTION

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Old Jun 1, 2008 | 02:53 PM
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Default OIL QUESTION

I ask the question - why are we still buying Saudi oil? We are paying enough to make it profitable to pump and process our own oil so why aren't we? Another simple question - is the price of a barrel of oil the same or is it priced per customer (USA or China)?
I also believe that if we conserve a barrel of oil it will be sold to the Chinese.
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Old Jun 1, 2008 | 03:11 PM
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1. We are still buying foreign oil because we use more than we produce. There's a certain limited capacity U.S. oil wells have, and we're pretty much there.

2. The price of crude oil is basically the same for everyone. (I say "basically" because there are small differences based on how easy different grades of crude oil is to refine.)

3. The price of gasoline or diesel to the consumer may differ from country to country because taxes may differ. For example, taxes are higher in Europe, so the pump price is higher; China has lower prices than here so the pump prices are lower.
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Old Jun 1, 2008 | 05:15 PM
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Last month, with oil at $124 a barrel, liberals on the Senate Appropriations committee voted to block environmentally sound development of oil shale in Colorado.
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Old Jun 1, 2008 | 05:25 PM
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Originally Posted by fastD,Jun 1 2008, 06:53 PM
I ask the question - why are we still buying Saudi oil? We are paying enough to make it profitable to pump and process our own oil so why aren't we? Another simple question - is the price of a barrel of oil the same or is it priced per customer (USA or China)?
I also believe that if we conserve a barrel of oil it will be sold to the Chinese.
Enviros won't let us drill in ANWR and off the west coast of FL.
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Old Jun 1, 2008 | 05:50 PM
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I'm not voting for any incumbent politician this time.
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Old Jun 1, 2008 | 06:21 PM
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Originally Posted by zdave87,Jun 1 2008, 05:25 PM
Enviros won't let us drill in ANWR and off the west coast of FL.
<- crazy environmentalist who doesn't want drilling in the Arctic National Wildlife Refuge

The world's supply of oil is limited. Sooner or later, we are going to have to learn to live without. Better sooner than later, in my opinion.

Besides, allowing drilling on Federal land ends up being a giveaway to oil companies. Put the money in Federal coffers and use it to lower my taxes - not increase spending - and I might reconsider.
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Old Jun 1, 2008 | 06:51 PM
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Drill!!! That's my opinion.
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Old Jun 2, 2008 | 04:15 AM
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Originally Posted by gomarlins3,Jun 1 2008, 10:51 PM
Drill!!! That's my opinion.
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Old Jun 2, 2008 | 04:46 AM
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We have known for years that oil and energy costs were going to rise dramatically. Yet, little has been done by this administration and our legislators to search for alternative sources of energy. We have no one to blame but ourselves for the high prices and the outrageous profits these companies are enjoying. Let's hope for some dramatic changes with a new administration and let's start holding our elected representatives responsible for this unacceptable situation.
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Old Jun 2, 2008 | 04:57 AM
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Originally Posted by PanteraKitty,Jun 1 2008, 08:15 PM
Last month, with oil at $124 a barrel, liberals on the Senate Appropriations committee voted to block environmentally sound development of oil shale in Colorado.


I remember when the Alaskan pipeline was a huge debate and all the environmentalists were against it, and how it was going to destroy Alaska, And now, how many years later and how little has it impacted the environment (and no, I don't think the USS Valdez accident can be blamed on the pipe line)? As our economy is being driven into the ground I just wonder about our politician's real desires...
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