America is a nation of casual drivers. We do not car pool, use mass transit and do not like to be cramped by high energy prices.
Forty-one percent of our fuel does not come from the Middle East – Canada supplied 22 percent, Mexico 11 percent and Venezuela 8 percent. We are good paying customers.
Our two largest suppliers in the Middle East are Saudi Arabia and Nigeria each supplying 9 percent of our total crude needs. (EIA.gov) The other 41 percent comes from smaller countries. It looks like we are not as addicted to foreign oil as cheap oil.
The solution or one idea to help the problem is for America to ramp up its own production of oil. Natural gas is abundant and with the supply within our own borders. Drilling for oil domestically, although time consuming, should at minimum help suppress rising oil prices. It takes years for even one well to be explored, drilled, developed and put into production.
The price of oil will remain until companies and individuals deploy capital to invest in rigs drilling for crude oil.
Forty-one percent of our fuel does not come from the Middle East – Canada supplied 22 percent, Mexico 11 percent and Venezuela 8 percent. We are good paying customers.
Our two largest suppliers in the Middle East are Saudi Arabia and Nigeria each supplying 9 percent of our total crude needs. (EIA.gov) The other 41 percent comes from smaller countries. It looks like we are not as addicted to foreign oil as cheap oil.
The solution or one idea to help the problem is for America to ramp up its own production of oil. Natural gas is abundant and with the supply within our own borders. Drilling for oil domestically, although time consuming, should at minimum help suppress rising oil prices. It takes years for even one well to be explored, drilled, developed and put into production.
The price of oil will remain until companies and individuals deploy capital to invest in rigs drilling for crude oil.
