Quote:
Originally Posted by Xist
My Global Energy professor showed us a chart with imports and exports around the world. I pointed out that many counties both imported to and exported from the same trade partner and it seemed something like on one side of a country might export to the other, but the other side would import from them. Kind of weird, though.
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Our country plays a shell game of eliminating as much light sweet US crude as possible and trading it for sour overseas crude and processed crude from the lowest bidder.
US gas being considered crap by many foreign nations is earned since we take only from the lowest bidder in the most outdated foreign facilities.
Even though laws exist like the one I listed above our domestic producers have many loopholes to get crude out, hence why we really don't become energy independant even if we produced 100% of the crude we needed domestically.
The other side of this is that our local supply is rather limited; cost inevitably will go back up and supply back down. Unless of coarse we all stop driving gassers and semis
Ah well