Thursday, July 31, 2008

Oil turns to Gold


On the annoucement of Record Oil Profits today, I thought we'd look at what countries our money is going to;

Top 10
(accounts for 88% of US consumption):

  1. Canada (1.840 million barrels per day)

  2. Saudi Arabia (1.579 million barrels per day)

  3. Mexico (1.116 million barrels per day)

  4. Venezuela (1.030 million barrels per day)

  5. Nigeria (0.851 million barrels per day)

  6. Iraq (0.583 million barrels per day)

  7. Angola (0.464 million barrels per day)

  8. Algeria (0.440 million barrels per day)

  9. Brazil (0.318 million barrels per day)

  10. Kuwait (0.263 million barrels per day)

I am sure you notice a few countries that jump out as known (past, present, or future) threats to the U.S.; so what do we do about it? We can continue to fund countries that hate us; or we can look internally on how to put money into our own economy. Ideas???

*Special thanks to my brother Paul for stimulus on this topic

2 comments:

Anonymous said...

Researching local biofuels seems like a good first step, not sure its the answer though.
Tubs

Paul said...

Our government cannot make this a partisan issue or their high school antics will screw us all. We drill and in make it mandatory that we diersify our energy in the next 10 to 20 years. In 1900 there were no airplanes, in 1969 we landed on the moon. Nothing is impossible when you take youe ego out of it.