BS: Thanks, Canada, for the oil....

Subject: RE: BS: Thanks, Canada, for the oil....
From: Peace
Date: 25 Sep 05 - 08:50 PM

What's new?

Subject: RE: BS: Thanks, Canada, for the oil....
From: GUEST
Date: 25 Sep 05 - 08:49 PM

Well, for those of us in the northern tier states bordering Canada, this news is no surprise. However, what we can't quite figure out is why the "hurricane oil crises" in the Gulf of Mexico causes the price of our oil and gas to leap upward 20 cents/gallon in a single day. I mean, none of our energy comes from that region--not natural gas or oil/gasoline. Our supplies for those commodities are steady and secure, coming as they do from Canada and the western US.

So why the leap in prices? I believe it is known as profiteering...price gouging...

Subject: BS: Thanks, Canada, for the oil....
From: Rapparee
Date: 25 Sep 05 - 08:42 PM

I learned something today.

The country from which the US buys most of its oil imports is not Iran, not Saudi Arabia, not Norway, not Venezula, not Mexico, but Canada.

Yup. 17% of the oil imported into the US comes from our northern neighbor (or in this case, neighbour).

Another interesting thing is that in 2004, the US was world's third largest producer of crude oil, being outproduced only by Saudia Arabia (#1) and Russia (#2).

By the way, this data came from the oil industry....