Quote:
|
Originally Posted by Mr Mephisto
That wasn't a mistake. That's what I meant to show.
|
Why would you intentionally want to show how much oil in the U.S. reserve system is imported from specific countries?
My posts have nothing whatsoever to do with the reserve system. It doesn't make any sense that you would point to that. Might as well point to a chart which shows how much Saudi oil is imported into Hawaii. There's no relevance.
15% to 18% of U.S. oil imports are from Saudi Arabia.
Quote:
|
Agreed. But isn't a 20 year average figure more reliable than the figure for a single year?
|
A twenty year average ending in 1995? Not at all. If you look at trends, the amount that we import from Saudi Arabia is increasing year-in, year-out. 20 year averages would fluctuate based on a number of factors. Besides the point that the data you pointed to had nothing at all to do with the quantity of oil imported into the U.S.
Quote:
|
With reference to the reference you posted below, an interesting quote
|
It's even more interesting when you look at the trends which show a quickly increasing need for the U.S. to import oil.
But it is far less interesting when you consider that the percentage of the U.S. consumption (or stockpiling) of oil which comes from Saudi Arabia is not the issue. The issue is that Saudi Arabia's economy is extremely reliant on exportation of oil. As long as the U.S. (and other oil consumption-heavy countries) continue to feed the Saudi economy, the longer that extreme and oppressive dictatorship will last.