I read recently that the major supplier of crude oil for the US market for
gasoline is Canada. You buy more from us up here (mostly from Alberta) than
from the Saudis or any other single country.
Don Elliott, 1958 TR3A, Montreal, Canada
----- Original Message -----
From: "Randall Young" <ryoung@navcomtech.com>
To: <fot@autox.team.net>
Sent: Friday, April 01, 2005 11:45 AM
Subject: RE: buying gasoline
>> Silly stuff. the much bigger problem looms--we probably hit "peak oil"
>> in
>> the next two years, when worldwide demand always exceeds supply.
>> It's going to be messy
>
> Yeah, we might even have to start burning American oil instead of
> exporting
> it !
>
> SoCA is floating on oil, the place fairly bristles with wells. There's a
> sizeable area near where I am, where the land was literally sinking from
> all
> the oil they were pumping out (until they starting pumping seawater back
> in,
> to keep the pressure up). And even with all the idle wells, we produce
> more
> than we use ... but still import middle eastern oil.
>
> Kinda reminds me of the gasoline "shortages" of the late 70s & early 80s,
> when the stations were closed and you couldn't buy gas ... but there was a
> steady stream of trucks carrying refined gasoline over the border into
> Mexico.
>
> Or the early 70s, the first "gas crisis" when the oil companies broke the
> price controls by claiming there wasn't enough gas ... there were
> literally
> miles of tanker trucks lined up waiting to unload but they couldn't,
> because
> the tank farms were all full ...
>
> OPEC aren't the only ones 'gaming' crude oil prices.
>
> Randall
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