THE TRUTH ON OIL
Last night, Friday 24 of July the program 20/20 has an eye opener
on the truth of the matter concerning oil and gasoline.
Here is a summary of important information.
USA population is addicted to oil and gasoline at the present.
25% use of world oil is used by 4% of the population of the
world, namely the USA.
They are saying that by 2025 the USA will use 37% more oil than
used now.
70% of oil used by USA is from outside the USA - imported.
140 BILLION gallons of gas used in the USA per year for cars,
trucks etc.
There is 149 refineries in the USA ... it's down, but the small
guys could not compete, hence gone.
There are 160 thousand miles of pipe lines running over the USA.
Car gasoline is basic from all companies ... USA fed.law demands
it, some like Shell do add a very small amount of "whatever" but
it is a very small amount.
3 of the top 4 companies in the USA are gas and oil giants. Exxon
number one, Wal-Mart is number two.
Refineries can be shut down from fire, storms, floods etc. So
production and demand runs a fine line. Hence the up and down
price for gasoline. Refineries could be attacked by enemies or
individuals who buy oil, store it, put holes in pipelines and
sell their stored oil to get rich.
Nymex trading was taken over by "speculator" guys - some hold oil
to play the "oil game" - Wall Street companies "stored oil" to
manipulate the market - there was no law against it - now a new law
is coming to guard against such tactics.
The Arabs want to keep us addicted to oil, of course it is in
their best interest to do so. Some "experts" say a train wreck is
coming.
USA at present needs Arab oil, it is one reason we are over there
to "bring democracy."
Iran has missiles targeted on Middle East oil to blow them up
when the time is right, or if invaded by outside nations such as
the USA or Israel.
Sarah Palin wanted more drilling in Alaska etc. where oil has
been found. We're going further and further out in to Gulf of
Mexico to drill for oil. Now we go out into 7,000 feet of water
and drill another 25,000 feet to bring oil up. They say with
modern tech. stuff we will be able to go out into 14,000 feet
water and drill the sea bed for oil.
The USA imports 13 Million barrels of oil a day with present
consumption. All known oil in the USA could only give us 2
Million barrels a day.
30% of USA oil comes from Canada and Mexico. 9% from Saudi
Arabia.
More will come from Canada and Mexico is the plan.
The 6 past Presidents (showed them saying so on film clips)
claimed they would move into independent oil. A joke for Saturday
Night Live. Obama has set 10 years promise to be free from Middle
East oil.
BOTTOM LINE: It will be a hard push for modern technology to
replace "cheap" oil!!
AT PRESENT THE USA IS ADDICTED TO OIL!!
......
There it is, it will be a very slow process to get off our drug
addiction for cheap oil. Maybe in time we shall get off of it,
and into modern space-age energy, sola power etc. but as of now
we are drug addicts of oil.
.......
FOREST FIRE are burning like fire in B.C. Canada and in many
southern countries of Europe, which is a major disaster for that
part of Europe.
......
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To be continued from time to time
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