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Old 01-23-2014, 11:46 AM   #1 (permalink)
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The U.S. imports more oil from Canada than the Middle East. Eh?

I am actually in-class, I just thought this was extremely interesting. I will link the source afterward, but according to the chart, Canada sells us 146.5 million "tonnes" of oil every year, while we only get 108 million tonnes from the Middle East.


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Old 01-23-2014, 12:12 PM   #2 (permalink)
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I'm not sure what the point is. Oil is a global commodity, and if you want to preserve market stability, you need protection for all sources, middle east included. If we reduced our use, we can reduce the market and the need to constantly project force.
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Old 01-23-2014, 01:18 PM   #3 (permalink)
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Unfortunately oil is an unstable currency, not a commodity.
Turning Oil into Salt - Part 1 of 3 (full feature) Energy security - YouTube
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Old 01-23-2014, 01:44 PM   #4 (permalink)
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...you can't EAT oil, but you can EAT salt.
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Old 01-23-2014, 07:18 PM   #5 (permalink)
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Quote:
Originally Posted by Giovanni LiCalsi View Post
Unfortunately oil is an unstable currency, not a commodity.
Turning Oil into Salt - Part 1 of 3 (full feature) Energy security - YouTube
I'm not sure what that means. Sorry, I didn't look at the video, but oil technically is on the commodity markets. Price is affected by demand, market stability and speculations just like all the rest of the commodities. What does "unstable currency" mean and how does it relate to the market and US consumption of oil?
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Old 01-23-2014, 09:07 PM   #6 (permalink)
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The video is very interesting, if you get a chance to see it.
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Old 01-24-2014, 01:20 AM   #7 (permalink)
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Quote:
Originally Posted by Old Tele man View Post
...you can't EAT oil, but you can EAT salt.
This is the source my professor used:

I remember reading a sci fi novel years ago where it mention the kid's mother died in the "food mines." It was a while before they explained they converted hydrocarbons into food.

This would be a great combination with the sugar battery technology.
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Old 01-24-2014, 09:47 AM   #8 (permalink)
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If you want to dig more into the stats, there are downloads here.

Oil trade movements | About BP | BP Global

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