will buying gas/oil not imported from Middle East make a difference?
05-03-08, 11:12 AM
#1
Lexus Champion
Thread Starter
will buying gas/oil not imported from Middle East make a difference?
I got this email about 3 times......and wondered....does it really make a difference? will it hurt the Middle East countries or make zero difference to them? will it help or hurt the supposed US sources?
WHERE TO BUY YOUR USA-GAS
WHERE TO BUY YOUR USA-GAS, THIS IS VERY IMPORTANT TO KNOW. READ ON--
Gas rationing in the 80's worked even though we grumbled about it.
It might even be good for us!
The Saudis are boycotting American goods.
We should return the favor.
An interesting thought is to boycott their GAS.
Every time you fill up the car, you can avoid putting more money into the coffers of Saudi Arabia. Just buy from gas companies that don't import their oil from the Saudis.
Nothing is more frustrating than the feeling that every time I fill-up the tank, I am sending my money to people who are trying to kill me, my family, and my friends.
I thought it might be interesting for you to know which oil companies are the best to buy gas from and which major companies import Middle Eastern oil.
These companies import Middle Eastern oil:
Shell............................. 205,742,000 barrels
Chevron/Texaco..............144,332,000 barrels
Exxon /Mobil...... ............130,082,000 barrels
Marathon/Speedway........117,740,000 barrels
Amoco...........................62,231,000 barrels
CITGO Gas comes from South America, from a Dictator who hates Americans.
Do the math at $30/barrel, these imports amount to over $18 BILLION! (Oil is now $90-$95 a barrel) Some of the CITGO's are being renamed to Petro Plus
The latest price is a record high ($105.00 a barrel)
Here are some large companies that
DO NOT import Middle Eastern oil:
Sunoco...... ......... . 0 barrels
Conoco...... ......... . 0 barrels
Sinclair.... ......... ... 0 barrels
BP/Phillips. ............. 0 barrels
Hess........ ......... ... 0 barrels
ARC0. ............ ..... 0 barrels
Also: Pilot, Flying J, Love's, RaceTrac, Valero
All of this information is available from the Department of Energy
and each is required to state where they get their oil and how much
they are importing.
WHERE TO BUY YOUR USA-GAS
WHERE TO BUY YOUR USA-GAS, THIS IS VERY IMPORTANT TO KNOW. READ ON--
Gas rationing in the 80's worked even though we grumbled about it.
It might even be good for us!
The Saudis are boycotting American goods.
We should return the favor.
An interesting thought is to boycott their GAS.
Every time you fill up the car, you can avoid putting more money into the coffers of Saudi Arabia. Just buy from gas companies that don't import their oil from the Saudis.
Nothing is more frustrating than the feeling that every time I fill-up the tank, I am sending my money to people who are trying to kill me, my family, and my friends.
I thought it might be interesting for you to know which oil companies are the best to buy gas from and which major companies import Middle Eastern oil.
These companies import Middle Eastern oil:
Shell............................. 205,742,000 barrels
Chevron/Texaco..............144,332,000 barrels
Exxon /Mobil...... ............130,082,000 barrels
Marathon/Speedway........117,740,000 barrels
Amoco...........................62,231,000 barrels
CITGO Gas comes from South America, from a Dictator who hates Americans.
Do the math at $30/barrel, these imports amount to over $18 BILLION! (Oil is now $90-$95 a barrel) Some of the CITGO's are being renamed to Petro Plus
The latest price is a record high ($105.00 a barrel)
Here are some large companies that
DO NOT import Middle Eastern oil:
Sunoco...... ......... . 0 barrels
Conoco...... ......... . 0 barrels
Sinclair.... ......... ... 0 barrels
BP/Phillips. ............. 0 barrels
Hess........ ......... ... 0 barrels
ARC0. ............ ..... 0 barrels
Also: Pilot, Flying J, Love's, RaceTrac, Valero
All of this information is available from the Department of Energy
and each is required to state where they get their oil and how much
they are importing.
05-03-08, 05:49 PM
#3
Lexus Champion
Thread Starter
05-04-08, 12:46 AM
#7
Out of Warranty
While it might provide some emotional relief, boycotting individual oil companies has no effect on the price of gasoline. Oil is a fungible commodity - it is traded on a global basis, almost a currency in itself. Just because you refuse to buy from Texaco or Shell makes no difference - you are still buying gas from someone, and you are still making your contribution to the global oil market. Abstinence from gasoline altogether works - on paper - but it is impractical because your share of global consumption is about a teaspoonful in the ocean.
The free economy we love is largely responsible for the current price of oil. Market forces always trump attempts at artificial price controls. Since the collapse of world communism, the newly freed economies of formerly rigid socialist states of China and India have produced unexpected new levels of consumption. Like us, Indians and Chinese have discovered the automobile - and suddenly enormous markets for oil opened up overnight. Consumer power in these emerging economies made the private ownership of an automobile practical. The increase in demand drove prices of the limited resource upward on the world market.
Based on the per-gallon price of gas, oil companies are only realizing about $.08 profit per gallon. Where does the rest go? The largest chunk goes to the cost of crude - whether we buy it or drill for it domestically. But crude oil is just that - ranging in quality from light machine oil to tar, it has to be processed to produce the hydrocarbons we consume as gasoline, diesel, jet fuel, heating oil, lubricants, plastics, pharmaceuticals, and even asphalt. Not everything can be turned into motor gasoline, so a barrel of crude may produce only a few gallons of gas in addition to dozens of other products.
But the cost of crude and refining is only part of the story. Pipelines have to be built and maintained to gather product from the field and either pumped or trucked to - and from - the refinery and into the distribution chain. Finally there are retail costs - advertising and marketing, as well as the costs of delivery, the gas stations, and their payrolls that have to be met.
The oil companies' profits aren't handed out to a few executives - they are plowed back into more oil leases, drilling, and production in increasingly hostile climates around the world. An old friend, an experienced oilfield hand, used to tell me that all the cheap oil has been found, now we have to produce it from deep offshore waters, the high arctic, and we have to spend billions just to locate it. None of these operations are inexpensive . . . the new technologies required seldom are, and investors have to see a potential return for their capitol risk. Profit? It's what makes all of this possible.
The free economy we love is largely responsible for the current price of oil. Market forces always trump attempts at artificial price controls. Since the collapse of world communism, the newly freed economies of formerly rigid socialist states of China and India have produced unexpected new levels of consumption. Like us, Indians and Chinese have discovered the automobile - and suddenly enormous markets for oil opened up overnight. Consumer power in these emerging economies made the private ownership of an automobile practical. The increase in demand drove prices of the limited resource upward on the world market.
Based on the per-gallon price of gas, oil companies are only realizing about $.08 profit per gallon. Where does the rest go? The largest chunk goes to the cost of crude - whether we buy it or drill for it domestically. But crude oil is just that - ranging in quality from light machine oil to tar, it has to be processed to produce the hydrocarbons we consume as gasoline, diesel, jet fuel, heating oil, lubricants, plastics, pharmaceuticals, and even asphalt. Not everything can be turned into motor gasoline, so a barrel of crude may produce only a few gallons of gas in addition to dozens of other products.
But the cost of crude and refining is only part of the story. Pipelines have to be built and maintained to gather product from the field and either pumped or trucked to - and from - the refinery and into the distribution chain. Finally there are retail costs - advertising and marketing, as well as the costs of delivery, the gas stations, and their payrolls that have to be met.
The oil companies' profits aren't handed out to a few executives - they are plowed back into more oil leases, drilling, and production in increasingly hostile climates around the world. An old friend, an experienced oilfield hand, used to tell me that all the cheap oil has been found, now we have to produce it from deep offshore waters, the high arctic, and we have to spend billions just to locate it. None of these operations are inexpensive . . . the new technologies required seldom are, and investors have to see a potential return for their capitol risk. Profit? It's what makes all of this possible.
Last edited by Lil4X; 05-04-08 at 02:35 AM.
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05-04-08, 01:05 AM
#8
+1 
Won't make a difference.
And since when was it the interest of the Saudi Arabians to kill all Americans?
BTW we are so dependent on oil, there probably won't be enough of non Middle Eastern oil to go around, and gas prices would increase. Not to mention most oil producing countries are in OPEC which sets the price for their oil.
Won't make a difference.And since when was it the interest of the Saudi Arabians to kill all Americans?
BTW we are so dependent on oil, there probably won't be enough of non Middle Eastern oil to go around, and gas prices would increase. Not to mention most oil producing countries are in OPEC which sets the price for their oil.
05-04-08, 08:44 AM
#9
While it might provide some emotional relief, boycotting individual oil companies has no effect on the price of gasoline. Oil is a fungible commodity - it is traded on a global basis, almost a currency in itself. Just because you refuse to buy from Texaco or Shell makes no difference - you are still buying gas from someone, and you are still making your contribution to the global oil market. Abstinence from gasoline altogether works - on paper - but it is impractical because your share of global consumption is about a teaspoonful in the ocean.
The free economy we love is largely responsible for the current price of oil. Market forces always trump attempts at artificial price controls. Since the collapse of world communism, the newly freed economies of formerly rigid socialist states of China and India have produced unexpected new levels of consumption. Like us, Indians and Chinese have discovered the automobile - and suddenly enormous markets for oil opened up overnight. Consumer power in these emerging economies made the private ownership of an automobile practical. The increase in demand drove prices of the limited resource upward on the world market.
Based on the per-gallon price of gas, oil companies are only realizing about $.08 profit per gallon. Where does the rest go? The largest chunk goes to the cost of crude - whether we buy it or drill for it domestically. But crude oil is just that - ranging in quality from light machine oil to tar, it has to be processed to produce the hydrocarbons we consume as gasoline, diesel, jet fuel, heating oil, lubricants, plastics, pharmaceuticals, and even asphalt. Not everything can be turned into motor gasoline, so a barrel of crude may produce only a few gallons of gas in addition to dozens of other products.
But the cost of crude and refining is only part of the story. Pipelines have to be built and maintained to gather product from the field and either pumped or trucked to - and from - the refinery and into the distribution chain. Finally there are retail costs - advertising and marketing, as well as the costs of delivery, the gas stations, and their payrolls that have to be met.
The oil companies' profits aren't handed out to a few executives - they are plowed back into more oil leases, drilling, and production in increasingly hostile climates around the world. An old friend, an experienced oilfield hand, used to tell me that all the cheap oil has been found, now we have to produce it from deep offshore waters, the high arctic, and we have to spend billions just to locate it. None of these operations are inexpensive . . . the new technologies required seldom are, and investors have to see a potential return for their capitol risk. Profit? It's what makes all of this possible.
The free economy we love is largely responsible for the current price of oil. Market forces always trump attempts at artificial price controls. Since the collapse of world communism, the newly freed economies of formerly rigid socialist states of China and India have produced unexpected new levels of consumption. Like us, Indians and Chinese have discovered the automobile - and suddenly enormous markets for oil opened up overnight. Consumer power in these emerging economies made the private ownership of an automobile practical. The increase in demand drove prices of the limited resource upward on the world market.
Based on the per-gallon price of gas, oil companies are only realizing about $.08 profit per gallon. Where does the rest go? The largest chunk goes to the cost of crude - whether we buy it or drill for it domestically. But crude oil is just that - ranging in quality from light machine oil to tar, it has to be processed to produce the hydrocarbons we consume as gasoline, diesel, jet fuel, heating oil, lubricants, plastics, pharmaceuticals, and even asphalt. Not everything can be turned into motor gasoline, so a barrel of crude may produce only a few gallons of gas in addition to dozens of other products.
But the cost of crude and refining is only part of the story. Pipelines have to be built and maintained to gather product from the field and either pumped or trucked to - and from - the refinery and into the distribution chain. Finally there are retail costs - advertising and marketing, as well as the costs of delivery, the gas stations, and their payrolls that have to be met.
The oil companies' profits aren't handed out to a few executives - they are plowed back into more oil leases, drilling, and production in increasingly hostile climates around the world. An old friend, an experienced oilfield hand, used to tell me that all the cheap oil has been found, now we have to produce it from deep offshore waters, the high arctic, and we have to spend billions just to locate it. None of these operations are inexpensive . . . the new technologies required seldom are, and investors have to see a potential return for their capitol risk. Profit? It's what makes all of this possible.
05-04-08, 12:12 PM
#10
Out of Warranty
What you're saying is correct, but you're talking about different things. I personally don't question the profits of oil companies, the ones that actually sell you the finished products such as gasoline, plastics, etc. But I question the profits of OPEC, who sell crude oil at ridiculous prices. If we stop purchasing gasoline and other oil products that are made from oil imported from OPEC countries, it will force OPEC to drop their prices due to low demand. Lower crude price = lower end product price for us.
Good as that ideas sounds, it simply won't work. OPEC doesn't care if we buy their oil or not. They can sell every drop they can produce to Europe, China, India, and a collection of nations who have no major oil reserves. The worldwide price of oil will hardly flicker should we cut ourselves off from the OPEC supply overnight.
Better we should wean ourselves off the OPEC teat by developing our own domestic supplies. That doesn't mean a return to $14 oil (the cost in the mid-eighties), but by expanding the world resources and reserves we can begin to raise supply and lower the per/bbl price. Meanwhile, lets look at new production technologies to recover oil shale, tar sands, and secondary and tertiary recovery methodologies. At the same time we need to investigate realistic approaches to alternative energy sources. This requires an energy policy - something that is going to require a lot of public education - it just doesn't reduce to sound bites and bumper stickers well.
OPEC's Secret of Success
OPEC is simply profiteering off of our investments. US (and some European) oil companies made enormous investments in the Middle East and Latin America after WWII and well into the late '70's when they were nationalized by local dictators. We found the oil, drilled the reservoirs, laid the pipe and built the refineries.
One day the US companies come in to work and find the doors of their offices locked, their plants closed, and their assets seized - the government "in the name of the people" had taken over the development of their oil reserves without compensation for the billions invested in extensive seismic work, drilling, production, reservoir engineering, transportation infrastructure and refining that had been developed by the oil companies to create a major industry out of sand, swamp, and jungle. They were offered an opportunity to leave or spend a significant part of their lives in prison for "crimes against the people". They left.
Fast forward a few months and the relatively sophisticated technology began breaking down thanks to lack of maintenance and sheer stupidity. Picture a band of monkeys with typewriters - locals were largely ignorant of what it took to get oil out of the ground - they seemed to think you just opened the faucet and money poured out. They were wrong.
Production began to dry up as production strings began to load up with paraffin and the reservoirs collapse due to overproduction. Time took its toll and without fairly sophisticated maintenance, production fell and no amount of threats from government warlords seemed to impress the basic physics of oil production.
After going to Iron Curtain nations for technical assistance for a few years, the nationalized oil companies came back to the US for support. Soviet states in those days operated probably the only energy industry inferior to the nationalized companies, and their "assistance" only deepened the disaster. Major US oil and service companies, now poorer but wiser, wrote contracts to support the facilities they lost - and even offered to train locals to take their places. Problem was, the last things these banana republic governments needed was an emergent middle class. No thanks, they said, YOU run it.
It seems that developing a technology-based industry in a third-world nation would require educating local nationals. Sending their best and brightest overseas to study turned out not to produce trained indigenous personnel, but instead a LOT of new immigrants to America. These nations were exporting their brain trust rather than importing trained nationals.
In the end, most of the oil service companies recovered their investment, despite having to be managed by a collection of semi-literates with a political axe to grind. Today they are understandably chary about repeating the experience of making massive investments in third-world nations. They'll leave that to the government and write their contracts with the State Department. At least they have a chance to recover their investment - even if the Army has to be the collection agency.
05-04-08, 01:38 PM
#11
Lexus Fanatic
+1
And since when was it the interest of the Saudi Arabians to kill all Americans?
BTW we are so dependent on oil, there probably won't be enough of non Middle Eastern oil to go around, and gas prices would increase. Not to mention most oil producing countries are in OPEC which sets the price for their oil.
And since when was it the interest of the Saudi Arabians to kill all Americans?
BTW we are so dependent on oil, there probably won't be enough of non Middle Eastern oil to go around, and gas prices would increase. Not to mention most oil producing countries are in OPEC which sets the price for their oil.
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