i fail to understand why we export a single drop of oil/gas...
Posted on 01/14/2012 5:13:09 PM PST by Libloather
Key US oil supplier may cut off spigot Sunday
CHRIS KAHN, AP Energy Writer
Saturday, January 14, 2012
NEW YORK (AP) — One of the biggest suppliers of oil to the United States may shut off the spigot this weekend, pushing crude and gasoline prices higher for Americans.
Nigeria, which supplies 8 percent of U.S. oil imports, could see production halted if striking workers walk off the job Sunday. Workers are demanding the return of a vital government fuel subsidy that has kept gasoline prices low in that impoverished and restive nation of 160 million people.
It’s unclear how much of Nigeria’s production would be affected. At worst, the country’s 20,000 unionized oil workers could take as much as 2.4 million barrels of daily crude production off the market, striking at the heart of Nigeria’s oil-dependent economy.
Even if strikers are only partially successful, fears of tightened global supplies could raise oil prices by $5-$10 per barrel on futures markets next week. Gasoline prices would follow, rising by as much as 10 cents per gallon and forcing U.S. drivers to spend an additional $36 million a day at the pump.
(Excerpt) Read more at newstribune.com ...
$3.04/gal southwestern Colo. today.
/johnny
http://www.usatoday.com/money/industries/energy/story/2011-12-31/united-states-export/52298812/1
and
http://online.wsj.com/article/APf917509ee61344a38638e2c08bc47090.html
Drill here. Drill now.
Pay attention they have been talking about higher prices for months now, it’s all planned. There moving the ball down the field
Pay attention they have been talking about higher prices for months now, it’s all planned. There moving the ball down the field
Pay attention they have been talking about higher prices for months now, it’s all planned. There moving the ball down the field
“$3.04/gal southwestern Colo. today.”
I’d go out tonight and top it off...
i fail to understand why we export a single drop of oil/gas...
-——they————
Who are “they”
I filled up this morning. :)
How much is gas in your area?
I got a tank for $2.80/gal. on Thursday.
Plain old fashion Greed!
8.00 a gallon gas, bring it on . . . that will surely uplift Americans in their spirits and their opinion of the Keystone Pipeline non-decision by this administration.
so the foreign oil we buy is cheaper than what we sell domestic for...
Yes:
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