Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: rich evans who wrote (278427)	11/3/2008 6:30:20 PM
From: TimF	Respond to of 793670

$280bil sounds reasonable, but that's not $700bil. Oil is fungible so whoever we buy it from makes not much difference except for the quality of the oil. I agree to with the point, but in the context of someone raising a point about how we spend $700bil on "oil from the Arabs"/"oil from the Middle East"/"oil from terrorist backers" etc. its not a very relevant point. We don't enrich Middle Eastern countries by $700bil or even $280bil a year by what we spend for oil.