Quote:
Originally posted by Rich
Exactly, the people who cry the oil defense are sad. They might want to actually research that before they talk, they should realize that most of the USA's oil comes from Canada...
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It is also important to understand that, although the US does not get as much oil from the Middle East as many people think, Middle Eastern oil is used by other nations to a great extent. If that oil supply were interrupted, or halted, the pressure on the world oil markets would be enormous. So, in many ways, this is a sort of red herring arguement...that the US doesn't really import much oil from the Middle East.
In other words, if for example the Saudis are exporting most of their oil to Europe then that frees up other oil for the North American market.
Oil is a world market commodity, unlike some other commodities...so who buys from were is not as important as a stable market worldwide. Of course, the real question then becomes, would a war in Iraq, or anywhere else in the Middle East destabilize the world oil market to the extent it damaged all importing nations.
This lesson in realpolitic has been brought to you by GFY
Brutal