Russia sells to EU why would they care what we do.Would Russia be happier if we drilled for our own oil, or bought Russian oil?
We don't purchase oil from Russia.
Russia would not be happy about an expansion of America's offshore or Alaskan drilling because just the fact that it would be done would tend to drive down the price of oil future contracts.
The truth of the matter is we have no idea how much recoverable oil there is offshore or in the artic because Democrats have blocked drilling there for 25 years.
The offshore parcels that are now leased to oil companies are only lines drawn on a map. They have not been surveyed and test wells have not been drilled. Those offshore sites are only a tiny fraction of the sites that might contain oil and by passing an energy bill which allows unrestricted offshore drilling oil companies would finally have the option of drilling wells where they feel the potential for oil strikes is good.
There is the potential that if we begin unrestricted offshore drilling off the east, gulf and west coasts as well as in the Artic wastes of Alaska there may be huge oil and gas deposits that will free us from foreign oil for decades. Couple this with the oil shale deposits in the Permian Basin of Montana and Utah which have proven to possess huge deposits of oil shale which rival the liquid reserves of Saudi Arabia.
Although turning oil shale in recoveable oil is a complex process we need no new technology to do it
Once again Democrats in congress have blocked this also along with new refineries and new nuclear generating plants.
Would Russia be happier if we drilled for our own oil, or bought Russian oil?
I just saw something on the History channel about there not being any oil left in 20 years....which is why the middle east is driving prices through the roof. Dubai is trying to become the ';entertainment'; capital of the world. Spending trillions on ridiculous things like the indoor snow skiing dome. This is where our moneys going! So yeah....I'm sure Russia is loving this right now.
Here is a list from the Department of Energy for May 2008 updated July, 2008, for the Top 15 countries that we import oil from, how much etc.
http://www.eia.doe.gov/pub/oil_gas/petro鈥?/a>
We do import oil from Russia but it is #13 on the list. I'm sure they would like to continue with that revenue.
Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria are the top five countries we import from....
Edit: To Sawdust (above)....
You are correct on how wealthy Dubai is. In researching that country, I hadn't realized how much they have acquired here, or how many countries have moved their companies there, ours included. I knew other countries have been purchasing here for several years in a major way, but didn't realize the extent. These are just a few examples.
http://www.imagevent.com/cdbrown/dubai
http://businessshrink.biz/psychologyofbu鈥?/a>
http://www.iht.com/articles/ap/2008/03/1鈥?/a>
http://www.freerepublic.com/focus/f-news鈥?/a>
You know most of our oil comes from Canada, Us, Venezuela, Saudia Arabia is on the bottom of the list.
We do not get any oil from Russia.
But Russias Rubble, sure has gained since they found there newest oil well. Oil will increase the US dollar as well. Even if it does not lower gas prices.
Since Russia and the US are on different sides of the fence, they will be happier if the US did not drill for their own oil. In not drilling we deepen our dependence on foreign oil for not only running our car but almost every product we make out of plastic which the key ingredient is oil.
Probably if you bought Russian oil. But anyway, Of course Russia, and every decent person in the world, would be happier if the US stopped being dependent on Saudi oil and the oil of other fanatic Arab dictatorships.
we already have 68 million acres of land available to the oil companies for drilling, what makes you think we will drill in Anwr which mccain ardently supports
I am sure Russia could care less if we just disappeared and left all our belongings for them to come and loot.
Can you cook Poutine without oil?
I wonder how people would feel if we had no oil at all. What happens when we run out of oil?
No comments:
Post a Comment