Quote:
Originally Posted by AlienQ
So in summary...
America takes 25% of the worlds Oil while more then 1/2 of it has no idea how to utilise Oil while another 1/4 composed of veritable nations that are either "Modern and Industrialisd" or just becomming "Modern and Industrialised" use Oil in an industrial manor.
Unfortunatly most of the Oil consumed by the United States is actually resold and delivered abroad for Textiles, Plastics, and other various material products that other nations require to industrialise. Though the oil is resold it is reconstituted for vital materials other nations require.
Looks like America made a pretty good bet on Iraq.
To bad other nations of the world can not..
A: Get there shit together.
B: See the value in creating a peaceful Middle East.
C: Sideline everything and hope for hand outs as America set's the pace for the rest of the world.
D: Wine about the declining American Dollar as the world globalises from American investment which is paid in full with blood.
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Awesome conclusions - tho crap
In comparison with, at least, most other nations, the US is the largest waster of oil, especially with only 5% population. It is not accurate to say most oil "is actually resold and delivered abroad" - very little is. The US uses 21mill/barrels/day. Approx 30% is used on industry and around 3% in power plants. The remainder is used for transport.
In practice, 67%, or over 14 million barrels/day is burned thru exhaust systems. If and when, (prob next week), oil costs $100/barrel, we are talking of $1.4 bill/day on mainly personal transport. No nation on earth consumes/wastes that level of oil (pro rata population).
It is obviously not possible to just wipe off 67% and call it "saved", but sure is possible to reduce that consumption from 67% down to 40-45% at least. At 40%, that is a saving (assuming $100 again, which is likely to go higher) of $835mill/day. That is $835mill/day which does not have to be borrowed from other nations (where the current borrowing is over $10bill/day).
Just checked other main consumers - US uses 21mill barrels, the second main consumer is China with 6.9 mill barrels - and most of that is consumed to create wealth. The third nation is Japan, where they use 5.4mill barrels.
And... a note on Japan and a comparison with the US. Pro rata population with the US, Japan would only use 12.6 mill/barrels/day if it's population matched that of the US. It sure makes you wonder how the US manages to squander the difference between 21 mill barrels and 12.6 mill barrels - a difference of 40%.
So.. forget other nations
They can afford to pay for their oil and don't waste it. The US has to borrow to buy oil - then pay interest on these loans. So - "get your shit together"
Get in line with the rest of the world else the US will be totally economically screwed - time is running out - fairly quickly.