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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (392274)6/18/2008 11:36:25 PM
From: bentway  Read Replies (3) | Respond to of 1576787
 
Yeah, but that little factoid kinda blows a big hole in the argument that if we produced more oil here, the price of oil would plummet HERE.

The price either goes down worldwide, or it doesn't go down at all. Given the Chindian hunger for cars, it's unlikely to EVER go down.



To: J_F_Shepard who wrote (392274)6/19/2008 3:19:36 AM
From: Neeka  Read Replies (1) | Respond to of 1576787
 
I buy my fuel at a local Costco and it's all from Alaska crude. It's refined at the Anacortes refinery and distributed locally in the Seattle area. The Costco fuel is delivered by Harris.



To: J_F_Shepard who wrote (392274)6/19/2008 7:13:03 AM
From: Brumar89  Read Replies (1) | Respond to of 1576787
 
Not a single drop of Alaskan oil goes to Japan.

When Congress allowed the TAPS pipeline, they passed a law requiring Prudhoe Bay oil come to the US. In the past during periods of low prices, the government reneged and allowed some (never more than about 7%) Alaskan oil to go to Japan, Korea and other markets, but since 2000 that has been changed back. No Prudhoe Bay crude has gone anywhere but the US since then.


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