Which OPEC Country Supplies the U.S.?
Policy Pete has a cute graphic following that question. From purely price perspective the answer is: who cares. There is a global market for oil. From the perspective of price, the question is largerly irrelevant. Heck, even from a “who funds terrorist” perspective it is largerly irrelevant. After all, no matter who the oil is purchased from the price those who support terrorism get will not be materially different.
Who we buy oil from isn’t really going to change anything. It is very much like those idiotic one day “boycotts” that were all the rage on the internet a few years ago. You know, you’d get the e-mail saying on a specific day don’t buy gasoline from this or that oil company. That way they’d see their revenue plummet that day, and boy that’d teach them not to raise prices. The fact that you’d be rolling in a day or two later to fill up the tank apparently wouldn’t offset this devastating loss of revenue for a single day (as if the large oil companies are looking at revenues on a dialy basis for the service stations). What silly nonsense.
On a slightly different note I find it amusing how ol’ Pete seems to be moaning about the high prices and the lack of renewable energy sources. Maybe somebody should tell him that the former make the latter look more attractive both in terms of a source of energy and as a research opportunity….Nawww, we wouldn’t have all the schizophrenic posts to read if somebody did that.