Green Energy
- Poll: Nearly Half Of All Muslims Hold Anti-semitic Views
Shocking!!! From the Times of Israel: . . . Beyond the West Bank and Gaza, the survey found that in the Middle East and North Africa, 74% of those polled agreed with a majority of the anti-Semitic stereotypes in the index. In comparison, countries...
- Who Said This?
In the face of these challenges (in the Middle Eastern countries), too many leaders in the region tried to direct their people's grievances elsewhere. The West was blamed as the source of all ills, a half-century after the end of colonialism. Antagonism...
-
London University apologizes for map with no Israel From Eye on the World: New Middle East research center at London School of Economics, sponsored by UAE, has map of the Middle East that has Beirut and the Gaza Strip but no Israel. (JPost) LONDON –...
- France Gets It - The Rest Of The World? Not So Much
Ok, so the Baker Commission's Iraq Study Report insisted that solving the Middle East Conflict was the key to solving the problems in Iraq. The whole Arab world insists that the Middle East Conflict is the reason for terrorism. Much of Europe believes...
- The Porn Bomb
Middle Eastern countries are tops on the porn search charts (from VietJustice.net - by the way, the writer of this blog is a real Infidel): By searching Google Trends for the phrase “sex” I was able to determine that many of the enemies of the West...
Green Energy
Oil Importing And Exporting - A Complex Of Shared Interests
It is often stated that, in order to reduce the power of the Arab/Islamic world, we have to reduce our dependence on oil imports from the nations of the Middle East. On the surface this seems like a truism. However, let us think this over.
First, sorry to be pedantic, but oil is a commodity sold on the world market. The price of oil is dictated by supply and demand. If America buys its oil from the Middle East, Venezuela, Canada, Mexico, or any other nation, it is still a bidder on the open market, and its bidding offer effects the price of oil on the world market no matter which country it buys from. In other words, if Saudi Arabia can charge $100 per barrel of oil, then so can Canada, and so can Mexico and any other country selling oil on the open market.
It is a little known fact that, comparatively, the United States gets far less of its oil from Middle Eastern nations, as a percentage, than do the other largest oil importers in Europe and China.
The United States currently gets about 17% of its oil imports from the Middle East.
Europe and China respectively gets approximately 31% and 44% of their oil from Middle Eastern countries.
Ok, so now think for a second what would happen if America were suddenly to make it its policy to buy all of its oil from non-Middle Eastern countries?
First, as America would be limiting the pool of oil suppliers from which it could prospectively buy, the price of oil would immediately go up for American buyers.
Second, since America would then no longer be an importer of Middle Eastern oil, the amount of oil available on the Middle Eastern market would be increased, and the price from those Middle Eastern suppliers, would then drop for Europe and China.
Third, and this is the most important point, to my mind; because the United States would then no longer be a buyer of oil from Middle Eastern countries, whereas the Europe and China would be, the United States influence in the Middle East would decrease, and the influence of China and Europe would increase.
Think of it this way, if you own a shop, the opinion of the customers who come through your door and make purchases matters very much to you.
It is a very crude understanding of economics which says, the seller has the power. The truth is, the buyer and seller have shared interests in the success of each others business. In fact, the buyer and seller are, indeed, partners in the promotion of each others interests.
Were the United States to discontinue buying oil from Middle Eastern nations, our power to influence political decisions in the Middle East would also decrease. In so far as the United States is a force for good on the world stage, it would be dangerous to the world as a whole for our power to decrease in the volatile world of Middle Eastern politics.
All economics, and all sectors of the business world, are composed of groups of organizations who have shared interests. The sum total of these shared interests composes the direction of the economic system on an economic as well as a political level.
Therefore, we must continue to buy oil from Middle Eastern nations until the day that oil no longer matters to the world's economy.
First, sorry to be pedantic, but oil is a commodity sold on the world market. The price of oil is dictated by supply and demand. If America buys its oil from the Middle East, Venezuela, Canada, Mexico, or any other nation, it is still a bidder on the open market, and its bidding offer effects the price of oil on the world market no matter which country it buys from. In other words, if Saudi Arabia can charge $100 per barrel of oil, then so can Canada, and so can Mexico and any other country selling oil on the open market.
It is a little known fact that, comparatively, the United States gets far less of its oil from Middle Eastern nations, as a percentage, than do the other largest oil importers in Europe and China.
The United States currently gets about 17% of its oil imports from the Middle East.
Europe and China respectively gets approximately 31% and 44% of their oil from Middle Eastern countries.
Ok, so now think for a second what would happen if America were suddenly to make it its policy to buy all of its oil from non-Middle Eastern countries?
First, as America would be limiting the pool of oil suppliers from which it could prospectively buy, the price of oil would immediately go up for American buyers.
Second, since America would then no longer be an importer of Middle Eastern oil, the amount of oil available on the Middle Eastern market would be increased, and the price from those Middle Eastern suppliers, would then drop for Europe and China.
Third, and this is the most important point, to my mind; because the United States would then no longer be a buyer of oil from Middle Eastern countries, whereas the Europe and China would be, the United States influence in the Middle East would decrease, and the influence of China and Europe would increase.
Think of it this way, if you own a shop, the opinion of the customers who come through your door and make purchases matters very much to you.
It is a very crude understanding of economics which says, the seller has the power. The truth is, the buyer and seller have shared interests in the success of each others business. In fact, the buyer and seller are, indeed, partners in the promotion of each others interests.
Were the United States to discontinue buying oil from Middle Eastern nations, our power to influence political decisions in the Middle East would also decrease. In so far as the United States is a force for good on the world stage, it would be dangerous to the world as a whole for our power to decrease in the volatile world of Middle Eastern politics.
All economics, and all sectors of the business world, are composed of groups of organizations who have shared interests. The sum total of these shared interests composes the direction of the economic system on an economic as well as a political level.
Therefore, we must continue to buy oil from Middle Eastern nations until the day that oil no longer matters to the world's economy.
- Poll: Nearly Half Of All Muslims Hold Anti-semitic Views
Shocking!!! From the Times of Israel: . . . Beyond the West Bank and Gaza, the survey found that in the Middle East and North Africa, 74% of those polled agreed with a majority of the anti-Semitic stereotypes in the index. In comparison, countries...
- Who Said This?
In the face of these challenges (in the Middle Eastern countries), too many leaders in the region tried to direct their people's grievances elsewhere. The West was blamed as the source of all ills, a half-century after the end of colonialism. Antagonism...
-
London University apologizes for map with no Israel From Eye on the World: New Middle East research center at London School of Economics, sponsored by UAE, has map of the Middle East that has Beirut and the Gaza Strip but no Israel. (JPost) LONDON –...
- France Gets It - The Rest Of The World? Not So Much
Ok, so the Baker Commission's Iraq Study Report insisted that solving the Middle East Conflict was the key to solving the problems in Iraq. The whole Arab world insists that the Middle East Conflict is the reason for terrorism. Much of Europe believes...
- The Porn Bomb
Middle Eastern countries are tops on the porn search charts (from VietJustice.net - by the way, the writer of this blog is a real Infidel): By searching Google Trends for the phrase “sex” I was able to determine that many of the enemies of the West...