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Weaning off Middle East Oil Means Less Than you Think

OIL Price -- One expects the crazy talk to come out during an election season, but reports that the US is close to being weaned off Middle Eastern oil and set to become “independent” purposefully fail to consider the fact that as long as America is dependent on oil it will be dependent on Middle Eastern supplies because crude prices are determined globally.

Let’s put America’s foreign oil dependency into perspective. In order to achieve independence from foreign oil imports, the US would have to find a replacement for the approximately 8 billion barrels of oil it imports every day. There are plenty of factors that can contribute to reducing these imports, including increased domestic oil and gas production, improved fuel economy standards, and renewable energy.

According to the Wall Street Journal,

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Submitted Jul 02, 2012 By: mastermariner

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1006 Champion Author Birmingham Posts:1,105 Points:1,356,065 Joined:Apr 2008	Message Posted: Jul 7, 2012 7:13:48 AM Ignore 1006 Report Abuse good answer from you
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Jul 6, 2012 5:47:06 AM Ignore honda0105 Report Abuse we could do a lot more to be less dependent on Pig Oil. But it would require a little effort and maybe some money...
Jeffro61 Champion Author Cleveland Posts:2,277 Points:2,286,845 Joined:Oct 2005	Message Posted: Jul 3, 2012 6:16:23 AM Ignore Jeffro61 Report Abuse Okay
remay Champion Author Houston Posts:6,973 Points:2,118,590 Joined:May 2006	Message Posted: Jul 3, 2012 2:52:25 AM Ignore remay Report Abuse Ok, if you believe it...
rahcat Champion Author Grand Rapids Posts:2,478 Points:664,150 Joined:Jan 2010	Message Posted: Jul 2, 2012 8:17:26 PM Ignore rahcat Report Abuse Yawnnnnnnn.
LQQKGAS Champion Author Phoenix Posts:2,670 Points:1,196,910 Joined:Oct 2009	Message Posted: Jul 2, 2012 8:09:20 PM Ignore LQQKGAS Report Abuse Yup! Also ruffled some feathers.
Aviator_Rob Champion Author New York Posts:3,805 Points:414,615 Joined:Mar 2012	Message Posted: Jul 2, 2012 8:08:08 PM Ignore Aviator_Rob Report Abuse I think @LQQKGAS has decided to reject reality and substitute his own. How exactly does not driving like a madman with his hair on fire NOT save gas? The faster you go, the more fuel you burn. It's not a conspiracy. It's physics.
LQQKGAS Champion Author Phoenix Posts:2,670 Points:1,196,910 Joined:Oct 2009	Message Posted: Jul 2, 2012 8:04:51 PM Ignore LQQKGAS Report Abuse Jimmy Carter says we are going to run out, and American have paid millions in court fines for driving faster that the artificial fuel saving speed of 55 MPG, All those fines should be refunded to the public for the Gov't lying to us all this time!
bvrbill Champion Author Eugene Posts:3,229 Points:519,825 Joined:Jul 2011	Message Posted: Jul 2, 2012 8:04:46 PM Ignore bvrbill Report Abuse We need to import less from OPEC and to use less oil. If we can reduce demand, maybe prices may fall.
aquabiker Rookie Author Birmingham Posts:21 Points:524,995 Joined:Aug 2008	Message Posted: Jul 2, 2012 8:03:57 PM Ignore aquabiker Report Abuse The seller has to pay transport cost
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Jul 2, 2012 8:01:36 PM Ignore frostyWV Report Abuse needs done.
1cheapgasin Champion Author Indianapolis Posts:5,564 Points:1,210,715 Joined:Jul 2009	Message Posted: Jul 2, 2012 8:01:19 PM Ignore 1cheapgasin Report Abuse 8 billion barrels?????? Get the facts right or don't post!!!!!
Wiggly Champion Author Tennessee Posts:12,841 Points:2,563,630 Joined:May 2004	Message Posted: Jul 2, 2012 7:58:30 PM Ignore Wiggly Report Abuse Yea
Is246 Champion Author Albuquerque Posts:1,017 Points:428,545 Joined:Apr 2011	Message Posted: Jul 2, 2012 7:57:00 PM Ignore Is246 Report Abuse mmmm!
dacofa Champion Author Nevada Posts:5,375 Points:1,150,610 Joined:Jan 2010	Message Posted: Jul 2, 2012 7:56:07 PM Ignore dacofa Report Abuse yeah right
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Jul 2, 2012 7:55:44 PM Ignore brutherruther Report Abuse Ok
mstearno Champion Author Dayton Posts:8,075 Points:1,733,165 Joined:Jan 2008	Message Posted: Jul 2, 2012 7:54:50 PM Ignore mstearno Report Abuse show's how little they know
nztyraider Champion Author Nevada Posts:2,273 Points:694,825 Joined:Apr 2009	Message Posted: Jul 2, 2012 7:54:10 PM Ignore nztyraider Report Abuse No it doesn't.
Aviator_Rob Champion Author New York Posts:3,805 Points:414,615 Joined:Mar 2012	Message Posted: Jul 2, 2012 7:43:58 PM Ignore Aviator_Rob Report Abuse @sillywagon said, "But if all of our crude oil came from North America, a global supply disruption in the Middle East would effect price in the USA, but at least we would have supply. While those dependent on the unavailable Middle Eastern country supply, would have to ration." I'm afraid there hasn't been a fuel ration since the 1970s and that was because OPEC embargoed the U.S. Nowadays in a global oil market, reduced oil supply just means higher prices for everyone. The oil will, flow one way or another, to the highest bidder. The only question is how much will it cost.
Aviator_Rob Champion Author New York Posts:3,805 Points:414,615 Joined:Mar 2012	Message Posted: Jul 2, 2012 7:40:58 PM Ignore Aviator_Rob Report Abuse @itsjustme719 said, "A lot of domestic oil isn't kept here, it's sold elsewhere. Perhaps if that didn't happen, there would be no need to import oil from other countries." The U.S. is a NET oil importer. Which menas we import more than we export. I agree that Big Oil shouldn't export U.S. produced oil AT ALL but they subscribe to the law of supply and demand. "Buy low and sell high." They sell our oil at a high price and buy someone else's oil at a lower price, then sell it to us at a high price, pocketing the difference and laughing all the way to the bank.
mnorthwood13 Champion Author Michigan Posts:1,385 Points:763,935 Joined:Apr 2010	Message Posted: Jul 2, 2012 7:38:49 PM Ignore mnorthwood13 Report Abuse Wean doesn't mean cut off though.
Aviator_Rob Champion Author New York Posts:3,805 Points:414,615 Joined:Mar 2012	Message Posted: Jul 2, 2012 7:35:28 PM Ignore Aviator_Rob Report Abuse Don't put too much trust in Canada, @FrankTA2. They'll make us eat poutine and sing O Canada before you know it.
tkshores Rookie Author Florida Posts:7 Points:5,815 Joined:Jun 2012	Message Posted: Jul 2, 2012 7:34:57 PM Ignore tkshores Report Abuse far from being weaned off Middle Eastern oil
tom426 Sophomore Author Illinois Posts:198 Points:459,360 Joined:May 2009	Message Posted: Jul 2, 2012 7:33:05 PM Ignore tom426 Report Abuse Don't hold your breath! Too much money involved to move away from oil imports and with the lobbyists and our great Congressman and Senators, it will never happen! Yaaawwwnnn!
carranco Champion Author Georgia Posts:1,027 Points:269,765 Joined:Dec 2008	Message Posted: Jul 2, 2012 7:33:00 PM Ignore carranco Report Abuse A dependable American supply sounds good.
Aviator_Rob Champion Author New York Posts:3,805 Points:414,615 Joined:Mar 2012	Message Posted: Jul 2, 2012 7:32:56 PM Ignore Aviator_Rob Report Abuse @texasvet, it won't matter if we localize our supply if Big Oil just exports it out of the country to the highest bidder, which is happening right now. We have to bid for our own oil on the open market, while Big Oil lines their pockets.
blazerbob91 Champion Author Milwaukee Posts:6,150 Points:1,884,645 Joined:Aug 2005	Message Posted: Jul 2, 2012 7:30:02 PM Ignore blazerbob91 Report Abuse It'll never happen.
Bildawg Champion Author Ohio Posts:1,066 Points:482,470 Joined:Oct 2011	Message Posted: Jul 2, 2012 7:29:05 PM Ignore Bildawg Report Abuse ya.... ok
texasvet Champion Author Texas Posts:3,835 Points:360,670 Joined:Jul 2009	Message Posted: Jul 2, 2012 7:27:53 PM Ignore texasvet Report Abuse Oil prices are set globally, but supply isn't. The more we localize our supply, the better we are strategically.
sillywagon Champion Author New York Posts:14,899 Points:1,442,320 Joined:Oct 2008	Message Posted: Jul 2, 2012 7:25:12 PM Ignore sillywagon Report Abuse Amusing typo other posters noticed "the approximately 8 billion barrels of oil it (USA) imports every day"
DustyHorse Champion Author Virginia Posts:6,093 Points:1,393,120 Joined:Oct 2008	Message Posted: Jul 2, 2012 7:24:50 PM Ignore DustyHorse Report Abuse Total nonsense.
mcmonsta Champion Author Honolulu Posts:3,232 Points:819,520 Joined:Sep 2009	Message Posted: Jul 2, 2012 7:24:13 PM Ignore mcmonsta Report Abuse isn't it just 1.5 mill from iran, or do we want to alienate all of the middle east?
lovetosavegas Veteran Author Houston Posts:319 Points:196,650 Joined:Apr 2005	Message Posted: Jul 2, 2012 7:23:17 PM Ignore lovetosavegas Report Abuse The original article had the amount corrected, now gasBuddy has to fix it on this page and everyone will be happy with the HUGE 8 MILLION barrels per day
Suzy7Q Champion Author Wisconsin Posts:2,187 Points:371,505 Joined:Apr 2012	Message Posted: Jul 2, 2012 7:21:23 PM Ignore Suzy7Q Report Abuse I also think 8 billion barrels is incorrect.
serrog Champion Author Nova Scotia Posts:5,574 Points:1,514,080 Joined:Oct 2008	Message Posted: Jul 2, 2012 7:21:22 PM Ignore serrog Report Abuse OK
Holly123 Champion Author Charlotte Posts:3,207 Points:791,185 Joined:Dec 2010	Message Posted: Jul 2, 2012 7:18:56 PM Ignore Holly123 Report Abuse Ok thanks .....
no8c Champion Author Ohio Posts:2,809 Points:705,825 Joined:Jul 2008	Message Posted: Jul 2, 2012 7:16:52 PM Ignore no8c Report Abuse Thanks!
lovetosavegas Veteran Author Houston Posts:319 Points:196,650 Joined:Apr 2005	Message Posted: Jul 2, 2012 7:16:49 PM Ignore lovetosavegas Report Abuse It should be 8 MILLION barrels every day instead of 8 BILLION. The author must be smoking
drz614 Champion Author Harrisburg Posts:2,309 Points:599,570 Joined:Aug 2011	Message Posted: Jul 2, 2012 7:14:46 PM Ignore drz614 Report Abuse me thinks 8 billion in wrong
FrankTA2 Champion Author New York Posts:4,298 Points:1,096,285 Joined:Jun 2007	Message Posted: Jul 2, 2012 7:14:33 PM Ignore FrankTA2 Report Abuse As long as the cash doesn't go to any middle east country, its good.
abcdMA Champion Author Worcester Posts:7,932 Points:1,576,930 Joined:Nov 2008	Message Posted: Jul 2, 2012 7:12:59 PM Ignore abcdMA Report Abuse Gee--ow about friendly canadian oil brought to us by KEYSTONE!!!
iamforiu Champion Author Indiana Posts:3,580 Points:712,715 Joined:May 2011	Message Posted: Jul 2, 2012 7:12:01 PM Ignore iamforiu Report Abuse ok
vibdata Champion Author Massachusetts Posts:4,090 Points:849,300 Joined:Nov 2005	Message Posted: Jul 2, 2012 7:11:43 PM Ignore vibdata Report Abuse Funny, I always thought that during election season, the intelligent talk and high class debates would come out. Not the idiotic drivel. Guess the US just doesn't have the leaders it once did. If the US imports 8 BILLION barrels per day, this world is in a LOT of trouble. HUGE.
wayoung56 Champion Author Alabama Posts:2,810 Points:820,285 Joined:Oct 2006	Message Posted: Jul 2, 2012 7:09:28 PM Ignore wayoung56 Report Abuse Interesting article...
lovetosavegas Veteran Author Houston Posts:319 Points:196,650 Joined:Apr 2005	Message Posted: Jul 2, 2012 7:09:27 PM Ignore lovetosavegas Report Abuse 8 BILLION BARRELS A DAY. Filling up terrorist pockets with cash so they can artfully craft the attacks on us and use it for "peaceful" nuclear energy development.
69Bonne Champion Author Gary Posts:1,160 Points:475,100 Joined:Sep 2005	Message Posted: Jul 2, 2012 7:08:56 PM Ignore 69Bonne Report Abuse Don't trust these writers.
purplebears Champion Author Milwaukee Posts:9,055 Points:1,164,705 Joined:May 2009	Message Posted: Jul 2, 2012 7:08:02 PM Ignore purplebears Report Abuse The author is way off in the daily amount of oil imported. 8 billion barrels would be enough to give every man, woman and child in the U.S. over 26 barrels of oil per day. At $80 a barrel, that would amount to over $233 TRILLION per year. That would mean were spending $778,000 per year to import oil for every man, woman and child in the U.S. Again, the author obviously has their facts mistaken.
99dakota Champion Author Providence Posts:8,117 Points:2,173,975 Joined:Oct 2006	Message Posted: Jul 2, 2012 7:07:37 PM Ignore 99dakota Report Abuse Shale oil, fracking, offshore drilling, ANWAR, coal, etc, etc.
ACTown Champion Author Oregon Posts:2,349 Points:1,431,395 Joined:Jun 2007	Message Posted: Jul 2, 2012 7:06:07 PM Ignore ACTown Report Abuse I do not know.
Vitobug Champion Author El Paso Posts:1,955 Points:641,435 Joined:May 2011	Message Posted: Jul 2, 2012 7:03:31 PM Ignore Vitobug Report Abuse ok