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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (5344)	10/15/2001 8:27:50 PM
From: MSI	Respond to of 281500

Excellent research Exactly ! Calif cut much more than 13.5% in elect use in just a month We can do it. Just give consumers the option, and it's a done deal

To: Ilaine who wrote (5344)	10/15/2001 9:16:09 PM
From: Jill	Read Replies (2) \| Respond to of 281500

I think the average American would easily/gladly cut back, as you say, or pay more for mideast-free oil. But the big oil interests in this country, they wouldn't want to give up the $.

To: Ilaine who wrote (5344)	10/15/2001 9:17:16 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 281500

Personally I am willing to cut back on 13.5% consumption of gasoline and fuel oil (percentage of crude oil imported from Arab OPEC). I am going to start riding my bike to work, school and the grocery store, and raise the thermostat. Hey, I like this! (We pull our 2 and 4 year old around in the bike trailer for much of the year). One problem perhaps, 13.5% is probably two small, and if things really get out of control, you are going to need to increase the list. You have: From Arab OPEC as follows (in thousands of barrels a day): Algeria 0 Iraq 697 Kuwait 287 Qatar 0 Saudi Arabia 1,683 UAE 0 _________________ 2,667 To which we must also add, potentially, other states which harbor terrorists or may suffer revolts as a result of unrest in the Islamic world: Other OPEC: Indonesia 47 (been in the press as of late!) Nigeria 877 (been in the press as of late!) Other Non OPEC: Malaysia 13 _________________ At risk oil total (granted, not looked at all the other risks out there, including shipping risks from otherwise friendly countries): 3,004 tbpd _________________ BUT: I think your math is wrong - its not 13.5% reduction required - its much higher, closer to 30% reduction if we lose those sources. Adding the three additional sources I list, brings the reduction from source of crude to close to 33%. If any oil company has the cojones to quit importing oil from the Middle East, they've got my business. It may come to that, but then Congress will be passing oil company bail out packages of some sort. Many of them have billions invested in the ME. I have a picture of my father in law sitting atop a camel in Iran, or was it Libya?, some 40 years ago. He worked all over the ME for a number of oil companies. They've been there for decades of course and have big holdings. But while I'm rambling, a little recession or a big recession will help curb oil use as well. Just as well, the military may need the extra. AND, just to remind everyone, Canada remains the US's most stable and is the second largest source of supply. 1,331 thousand barrels a day of crude. I'm sure this amount will trend upwards. Mexico follows closely at 1,313. tbpd. Lots of Canadian oil companies being bought up by US firms lately and over the past few years.... things that make you go hmnnn...

To: Ilaine who wrote (5344)	10/15/2001 10:11:51 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 281500

Hi CB, and raise the thermostat. Is yours digital or analog. I replaced our old analog 3 years ago and knocked over 35% off my heating (NG).. regards Kastel as always a cute and cuddly Canadian EDIT: whoops NG = Natural Gas

To: Ilaine who wrote (5344)	10/15/2001 10:25:51 PM
From: Qone0	Respond to of 281500

CB. A friend of mine is in the oil business. He says the US has plenty of oil reserves. The oil except for the Alaska oil and some other sources is just of a lower quality than the "light sweet crude" we import. The lower quality makes it cost more to refine into gasoline. So its worth less per barrel. When the "light sweet crude" gets to about $30.00 a barrel this lower quality oil becomes profitable to bring to market. He claims you will never see mid east oil higher than $30.00 a barrel for very long for this reason. That is also why OPEC wants to keep oil between $25 and $28 a barrel. They can`t sell it for anymore than that.