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Uhh....if we don't buy it....they don't sell it. You don't think they need money????
Lots of countries without desirable natural resources need money, but we ignore them because they can't do anything about it, i.e. they don't have the money to make trouble for us.
Without oil wealth to sustain them, what makes you think the Saudis will be different?
Besides, if they want to start something with us...we can cheerfully bomb them back to the stone age specifically because we don't need their oil.
Energy independence is not as good of an idea as liberals think it is. Oil is our leverage. We need it. They sell it. While it's noble to have and use our own oil resources to sustain us, the US will lose its leverage to help steer world affairs towards democracy and freedom. When we lose that, we lose everything. Oil is our bargaining chip. It's the same as oil no longer being traded in U.S. dollars at some point in the future. When money stops talking, you can expect more military intervention worldwide. Count on it. Because the military will be the only means for effecting action.
Trust me, it is not just liberals who desire to be free from being dependant on foreign powers. Conservatives want it too, and libertarians.
Last edited by Finn_Jarber; 04-01-2013 at 11:13 AM..
Location: In a Galaxy far, far away called Germany
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And yet the price at the pump continues to climb. The profit margins that these companies, and the government, (in the form of tax revenue) seek is vulgar.
And yet the price at the pump continues to climb. The profit margins that these companies, and the government, (in the form of tax revenue) seek is vulgar.
For gasoline - it's 10%, but not for petroleum products in total plus their byproducts (natural gas amongst the most sought after). Collectively, they ain't squeakin' by.
Energy independence is kind of a myth since oil is a fungible commodity which prevents us from insulating ourselves from supply shocks.
Quote:
Originally Posted by Mathguy
Whatever we can do to fix our trade imbalance is a boon.
^^^
This is probably the more important thing, getting our current account deficit down is a must.
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Oil Boom USA. US No Longer #1 Oil Importer
