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To: Paladin2

The US now gets only about 13% of its oil from the Middle East:

http://www.npr.org/news/graphics/2012/04/gr-oilprod-300.gif


13 posted on 08/18/2012 1:04:44 PM PDT by yefragetuwrabrumuy
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To: yefragetuwrabrumuy

That isn’t particularly relevant. Oil is sold on an open market and a restriction of access to any major oil source drives up the price of oil everywhere.

Of course, the US could institute a policy of protectionism to safeguard its oil supplies, but this in turn would lead to retaliatory tarrifs and a trade war with all of America’s trading partners, and in any case, if everywhere else was suffering from high oil prices, their economies would be going to hell in a handcart, and reducing their imports of US goods, so the American economy would suffer anyway.

The best way around this in the long term is to wean ourselves off oil to the greatest extent possible so that the world economy will no longer be held hostage to Arabs and their hostile religion and culture...


17 posted on 08/18/2012 1:17:32 PM PDT by sinsofsolarempirefan
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