Canada are the top foreign suppliers, The Saudis are third.
The Gas prices go up because the demand is going up, China is buying more
fuel off the open market, Opec cannot keep up with the demands and the price
goes up.
China is in the middle of a major industrial revolution, they are buying
more oil than they used to be. Plus you add in speculations about the
security of the Middle East, and then the oil companies taking their cut.
I know the federal gas tax is around 18%, The Kentucky State Tax is about
15% Which comes to roughly 33%. So here 1 third of the gas price is taxes,
but it does differ state to state.
But we still must remember that we are dealing with an open market system;
if China is willing to pay more then we are going to have to do the same.
Right now it seems the oil is there, but there is a high demand for it. The
Russians are sitting on a lot of oil, but it is hard to get to, some former
Russian republics are also on top of large oil reserves, but again, they are
a pain to get to.
_____
From: Doug White [mailto:[EMAIL PROTECTED]
Sent: Tuesday, June 08, 2004 11:46 AM
To: CF-Community
Subject: Re: US Oil Problems.
Pardon the top post;
The Alaskan Oil is being sold mainly to Japan.
The Texas Oil is mainly capped off due to regulations.
The California oil is blocked by the greens (environmentalists)
Oklahoma cannot supply the rest of the nation
There has been no new oil refineries built in the US in twenty years,
therefore
we could not refine enough crude to supply the US even if there was plenty
of
crude to go around.
Over half of the price you pay for fuel is taxes
Oh, and there is plenty of oil in Mexico who would like to sell to the US,
but
the US has always refused to pay them market price. The same applies to
their
natural gas, so they just burn that off.
Argentina has plenty of oil, but political turmoil has its production pretty
well turned off.
Lastly, if we solved all the above problems, then how would Bush % Co. take
care
of their Saudi Buddies?
Most of us know that we need to get new dipsticks in DC.
There are a lot of folks who can't understand how we came to have an oil
shortage here in America. Well, there's a very simple answer......Nobody
bothered to check the oil! We just didn't know we were getting low. The
reason for that is purely geographical:
All our oil is in Alaska, Texas, California, and Oklahoma and All our
dipsticks are in Washington, DC.
_____
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