We use record levels of oil. Record levels of use = record profits.
In a capitalistic economy who is to say how much you can make? If Exxon Mobil in a moment of compassion talked every oil company in the USA to make gas at cost how much would gas price drop? 25 cents a gallon? So #3.25.9 would make you happy?
How much does research cost to improve the methods to get oil from oil shale? How much does a floating oil rig cost? How much does it cost to survey the ocean floor for potential oil fields? How much does it cost to drill 3 miles to the bottom of the ocean and then another 3 miles into the seabed to extract oil? The thing many of the "Big oil" haters fail to realize is that much of the "record profits" are reinvested to replace equipment, explore, refine methods to increase supply and efficiency.
True - but still isn't the
profit after all this?
Also, I thought our consumption dropped - pump prices were on a downswing a few months ago; analyst were predicting in the low $2.10 at the pump. I'll be damn if not the next day after this was said the price of crude and pump prices "mysteriously" jumped over night and has been climbing since.
To my knowledge we don't give foreign aid to Saudi Arabia or Canada. You do realize the majority of our oil imports come from those evil effing Canadians right?
We definitely have one hell of a presence in Saudi defending them from their neighbors - and "sell" them weapons and military items... if you want to say "sell" it to them. I would bet if we pulled out of Saudi that threat alone would have them turn their attention our way. Who would go in and protect them - the Chinese? No way...
I know, pulling out of Saudi means a pull-out of Kuwait, Quatar, Iraq and that is a totally different argument...
If you add up all the OPEC countries, it is more that Canada right? I know Canada is around 17% - but we get at least 12% from Saudi alone... throw in Iraq and Kuwait and we are right there...
Canada is not part of OPEC - so why not rock the neighbors a bit? Is their prices reflected in the $110+ barrel price? (Just curious)
We get almost as much from Mexico (15%) - why not build a fence, send the illegals back and jam NAFTA up their azz... If not, they can slash prices to house and "support" our neighbors who cannot support themselves... but that will never happen. Who will help them - the Chinese?
What is the mpg of the car you rode to work this morning and how many people were in it?
33 average (city and commuting) -> only one riding right now until she comes back to the government, then it will be two of us!
I really try to do my part...