IIRC, we buy most of our oil from Canada and Mexico, as far as
imports.....and, by a fairly large percentage.
----- Original Message -----
From: "n61cm" <jim@tazwade.com>
To: <diesel_mercedes@yahoogroups.com>
Sent: Saturday, April 30, 2011 8:44 AM
Subject: [diesel_mercedes] Re: fuel
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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