this is what happens when Americans buy arab oil instead of ANWR / offshore US oil !!
My point of course is that had the source of more oil come from US oil wells instead of foreign sources, a huge percentage of the total dollars spent by Americans on oil / gasoline over the past decade would have stayed in the American economy instead of making Arabs incredibly rich !
Re: this is what happens when Americans buy arab oil instead of ANWR / offshore US oi
Quote:
Originally Posted by
Melonie
http://globaleconomicanalysis.blogsp...ney-going.html
My point of course is that had the source of more oil come from US oil wells instead of foreign sources, a huge percentage of the total dollars spent by Americans on oil / gasoline over the past decade would have stayed in the American economy instead of making Arabs incredibly rich !
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Point taken. The multi-B$$ ? is how much "utilization" those additional sources could effectively offset (I don't think completely erase) Arab oil imports? So much for "offense".(production)
Strides need to be made on "defense" side as well. (eg- petroleum consumption). Besides the obvious more fuel efficient vehicles, and energy efficient houses, opt for paper over plastic at grocery counter (plastic containers are part petroleum, no??), and recycle paper, plastic liquid containers, etc.
Re: this is what happens when Americans buy arab oil instead of ANWR / offshore US oi
^^^ well, even if new ANWR and offshore oil wells only reduced imported oil by 10%, you're still talking about hundreds of billions of dollars per year that would stop flowing out of the USA.
Also agreed (within reason) that the consumption side should be minimized wherever feasible. However there are trade-offs and unintended consequences here too i.e. paper bags can require more (oil fired) energy to produce than plastic bags require oil as raw material for the plastic !
Re: this is what happens when Americans buy arab oil instead of ANWR / offshore US oi
Quote:
Originally Posted by
Melonie
^^^ well, even if new ANWR and offshore oil wells only reduced imported oil by 10%, you're still talking about hundreds of billions of dollars per year that would stop flowing out of the USA.
Also agreed (within reason) that the consumption side should be minimized wherever feasible. However there are trade-offs and unintended consequences here too i.e. paper bags can require more (oil fired) energy to produce than plastic bags require oil as raw material for the plastic !
Not to mention all the poor defenseless trees cut down to make those paper bags.