Thursday, March 03, 2011
Gas goes over $4 a gallon in Eureka. Because of Egypt and Libya? MY BUTTOCKS!
Help me understand this. Our largest supplier of oil is Canada, by a long shot. Between Canada, Mexico and Venezuela we receive over 40% of all our imported oil. We buy very little oil from Egypt (Ranked 31st of Suppliers to US) and Libya (Ranked 20th of Suppliers to US). Less than 1% of our total! So if we took both off the list all together, shouldn't we just have a 1% increase in gas prices instead of 10%? Are they just used as an excuse for these inflated gas prices? Even as screwed up as Iraq is, they supply 5% of our oil supply. Someone please explain coherently.