There is a power plant in New Zealand parked right on top of a coal field. They generated power with that coal until someone figured out that they could sell that coal to Australia, because it is high quality worthy of steel manufacturing, and then buy cheap Australian coal to fuel the power plant. So they dig coal beside the power plant, ship it to Australia, buy cheap Australian coal and ship it back to the power plant to burn.
Oil is a global commodity so it is going to be sold to the highest bidder with the shipping factor built into the price calculation. If it's cheaper for us to buy from Venezuela and sell arctic oil to Asia, that's the way it will flow. My point is this: why are we selling it now? Considering how fast it's going up in price, we should be keeping it.
Jim
--- In diesel_mercedes@yahoogroups.com, audiolaw@... wrote:
>
> Actually, since the first oil was drilled out of the Alaskan north slope,
> MOST of it has been shipped to Asia, instead of to the lower 48. It is
> more profitable for the companies to sell it overseas than to refine it and
> sell it to us.
>
> And they collect tax subsidies for this use of the oil they take out
> of our nation.
>
> Tom
>
>
>
>
> In a message dated 4/30/2011 8:32:16 A.M. Pacific Daylight Time,
> jim@... writes:
>
> We should have used foreign oil when it was cheap and left ours in the
> ground. We could be making a fortune now selling Texas Tea to China. No need
> to make that mistake twice. Oil in the ground is a lot better than money in
> the bank.
>
> Jim
>
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