Comments on: What Energy Dependence??? http://cominganarchy.com/2008/03/10/what-energy-dependence/ Speak Victorian, Think Pagan Mon, 01 Dec 2008 19:17:37 +0000 http://wordpress.org/?v=2.3.2 By: Alfred Russel Wallace http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382749 Alfred Russel Wallace Wed, 12 Mar 2008 02:18:50 +0000 http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382749 Just to keep it in perspective.... (and remember a barrel is 42 gallons). US production is about 5 million barrels per day US imports are about 13 million barrels per day of which 5 million come from OPEC and 2 million from the Persian Gulf Also for perspective, the average age of crude oil is about 100 million years!!! Just to keep it in perspective…. (and remember a barrel is 42 gallons).
US production is about 5 million barrels per day
US imports are about 13 million barrels per day
of which 5 million come from OPEC
and 2 million from the Persian Gulf

Also for perspective, the average age of crude oil is about 100 million years

]]> By: jon http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382743 jon Tue, 11 Mar 2008 20:27:38 +0000 http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382743 Isn't much of this just a factor of distance from well-head to market. It wouldn't make sense for an American company to ship oil from the Saudi Arabia if it can be found in Mexico. With oil being a global commodity, the United States will never "get off of Mid-East" oil until it is no longer using any oil, or at least only using the same quantity as is produced domestically. Assuming an attempt at autarky. Isn’t much of this just a factor of distance from well-head to market. It wouldn’t make sense for an American company to ship oil from the Saudi Arabia if it can be found in Mexico.

With oil being a global commodity, the United States will never “get off of Mid-East” oil until it is no longer using any oil, or at least only using the same quantity as is produced domestically. Assuming an attempt at autarky.

]]> By: Aceface http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382739 Aceface Tue, 11 Mar 2008 14:18:39 +0000 http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382739 Top 9 crude oil importers to Japan: 1.Saudi Arabia 2.United Arab Emirates 3.Iran 4.Qatar 5.Kuwait 6.Oman 7.Indonesia 8.Sudan 9.Nigeria Approximately 90% of oil comes from Middle East. and yet people still ask why Japan is reluctant on "the war on terror"... Top 9 crude oil importers to Japan:

1.Saudi Arabia
2.United Arab Emirates
3.Iran
4.Qatar
5.Kuwait
6.Oman
7.Indonesia
8.Sudan
9.Nigeria

Approximately 90% of oil comes from Middle East.
and yet people still ask why Japan is reluctant on “the war on terror”...

]]> By: Alfred Russel Wallace http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382725 Alfred Russel Wallace Tue, 11 Mar 2008 03:03:57 +0000 http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382725 Fascinating to see how important the importation of refined products has become... not a surprise from Canada, but imports from the Netherlands, mainly of gasoline, are probably quite a recent phenomenon.... Fascinating to see how important the importation of refined products has become… not a surprise from Canada, but imports from the Netherlands, mainly of gasoline, are probably quite a recent phenomenon….

]]> By: elambend http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382717 elambend Mon, 10 Mar 2008 23:01:27 +0000 http://cominganarchy.com/2008/03/10/what-energy-dependence/#comment-382717 In certain respects it doesn't matter where it comes from in terms of pricing, as oil is [mostly] fungible [glazing a little over long-term supply contracts]. The price will be affected by middle east crude no matter where we purchase it from. Of course producers could refuse to send it to us, but take out the biggest (or one of the biggest) customers in the market and the price will drop. One crazy thing is the US/Venezuela symbiosis. Venezuela pumps out a really heavy crude that can only be refined into petrol at certain refineries, located in, you guessed it, the United States. So, when Hugo talks about not selling to us if we attack Iran, he's full of it. One potential problem, though; both Mexico and Venezuela, our #3 and #4 providers are state companies with bad histories of maintenance and falling production numbers. If they don't shape up (not likely any time soon) we'll have to ship it in from further away. In certain respects it doesn’t matter where it comes from in terms of pricing, as oil is [mostly] fungible [glazing a little over long-term supply contracts]. The price will be affected by middle east crude no matter where we purchase it from. Of course producers could refuse to send it to us, but take out the biggest (or one of the biggest) customers in the market and the price will drop.

One crazy thing is the US/Venezuela symbiosis. Venezuela pumps out a really heavy crude that can only be refined into petrol at certain refineries, located in, you guessed it, the United States. So, when Hugo talks about not selling to us if we attack Iran, he’s full of it.

One potential problem, though; both Mexico and Venezuela, our #3 and #4 providers are state companies with bad histories of maintenance and falling production numbers. If they don’t shape up (not likely any time soon) we’ll have to ship it in from further away.

]]>