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Saudi Arabia, gasoline, and Tesla

Discussion in 'Energy, Environment, and Policy' started by techmaven, Jan 21, 2015.

  1. techmaven

    techmaven Active Member

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  2. TurboFroggy

    TurboFroggy Member

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    +1. Denying any Opec member my money is the #1 reason why I drive electric.
     
  3. AudubonB

    AudubonB Mild-mannered Moderator Lord Vetinari*

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    Yes. And as my first entry in the "bumper sticker" thread I started says: "Support 1,000 lashings. Buy more gas"
     
  4. Raffy.Roma

    Raffy.Roma Active Member

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    #4 Raffy.Roma, Jan 21, 2015
    Last edited: Jan 21, 2015
  5. johnnyS

    johnnyS Member

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    The middle east has been on a high rise building binge with our oil money for years. Most of the construction workers come from countries like the Philippines and they are treated like slaves. Safety is an after thought on the construction sites.

    How does Saudi Arabia treat women?
     
  6. bluenation

    bluenation Member

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    newsflash; your taxes will keep supporting mideast oligarchs for a long time to come. oil is just part of that equation.

    also , you get most your oil from Canada.
     
  7. InternetDude

    InternetDude Member

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    You should not get your news from CNN. The US imports four times more oil from Canada than Saudi Arabia. And, you get (slightly) more oil from Mexico than Saudi Arabia.

    U.S. Total Crude Oil and Products Imports
     
  8. richkae

    richkae VIN587

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    Canada has overtaken Saudi Arabia as a source of oil to the US in the last 10 years, but over the last 50 years vastly more oil has come from Saudi Arabia than Canada. The US still imports more oil from OPEC countries than Canada.

    However none of that matters, the market for oil is global. The US is still the country that consumes the most oil. The country that contributes the most to the demand is the most responsible for what the oil profits do.
     
  9. MikeL

    MikeL some guy

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    Oil is a fungible, global commodity. Where you "get" yours from matters very little as it is all, ultimately, in the same market. That said, I buy Sinclair for my ice powered things because theirs is all "from" N America. BUT I realize that changes nothing in the global supply/demand equation. It's all connected. Gas is gross

    ha! richkae beat me to it :smile:
     
  10. techmaven

    techmaven Active Member

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    Yes, we get more oil from Canada than any other single nation and we domestically produce most of our oil. However, of the imports, Saudi Arabia is still 9.3%, OPEC is 29.5%, and Canada 38.8% (October 2014)

    U.S. Total Crude Oil and Products Imports

    OPEC, and Saudi Arabia being the leader, still commands a significant influence. The wealth being transferred to OPEC nations is tremendous and will have long lasting effects. The oil economy makes the U.S. do things that it probably doesn't want to do, and probably shouldn't do. It makes the U.S. prioritize stability in the middle east over morality, freedom, and justice. We will always need oil, but hopefully we can stop burning it and we can produce the remaining oil needs through other means than drilling for it (algae for example).
     
  11. mackgoo

    mackgoo Member

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    Thanks for the laugh guys.
     
  12. Merrill

    Merrill Active Member

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    So I read previously that the lower gas prices are being minipulated by Saudi Arabia, if we only get 10% of our oil from them how does that affect our gas prices. What am I missing here.
     
  13. Kbsilver

    Kbsilver Member

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    Because oil is a GLOBAL commodity. You need to look at the global picture, not just the US to see the cause and effect of oil prices. If US sourced oil could command a much higher price elsewhere, it would be exported, real fast.
     
  14. neroden

    neroden Happy Model S Owner

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    Saudi Arabia and a couple of the emirates are the minimum cost producers of oil, which makes them very significant in the global market. It also means they take home the most *profits* from oil sales. The maximum cost producers are also significant, because they are the ones who are driven out of the market when demand drops. Markets are complicated that way.
     
  15. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Active Member

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    It's not just oil. Countries around the world support governments that give them access to valuable resources. When foreign aid is upped to a country, supposedly because of human rights reforms, don't be surprised to find that they haven't really improved much, and it's really because a country's in competition with China's laissez faire approach to aid.

    The key with oil is that it's a consumable running transportation systems, the military and some power grids, so countries could grind to a halt quickly without it, which means their governments are very forgiving in their approach. Dependency on a consumable is part of the eagerness of nations to electrify. (There are a bunch of other benefits, of course.)
     
  16. techmaven

    techmaven Active Member

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    Even if we imported none of our oil from Saudi Arabia, their oil production affects our pricing and therefore our economy and our security. From the EIA:

    Saudi Arabia - Analysis - U.S. Energy Information Administration (EIA)

    As long as we have a huge dependence on oil, even if it is our own, Saudi Arabia will have a big influence.
     
  17. Zythryn

    Zythryn MS 70D, MX 90D

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    Just because only some of gasoline purchase go towards Saudi Arabia, Iran, Isis, etc doesn't mean none of it does.

    There are many reasons my wife and I are closing in on 100,000 Tesla miles.

    One of those is that we choose to send ZERO of our fuel money to OPEC, ZERO of it to ISIS, ZERO of it to Iran.
    We choose to not allow any of our fuel costs to add to our trade deficit and ALL of those fuel costs to add to the local/regional economy.

    Sending a little money to our opponents is better than sending a lot.
    Sending none, is better than sending a little.
     
  18. rolosrevenge

    rolosrevenge Dr. EVS

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    True story, in Dec 2013 I went to Saudi Arabia, in the main oil region, and gave a presentation in the King Fahd University of Petroleum and Minerals about electric vehicles and their benefits and V2G.
     
  19. Raffy.Roma

    Raffy.Roma Active Member

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    #19 Raffy.Roma, Jan 22, 2015
    Last edited: Jan 23, 2015
    Exactly. That's why the dependance on oil has got to be avoided. So this matter not only is concerning the Climate Change/Global Warming issue but also a much broader issue of International Politics.
     
  20. Raffy.Roma

    Raffy.Roma Active Member

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    Well said.
     

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