[Texasforever]

I have no idea. Our reserves are still fairly good and we are really only importing 30% of our daily usage as it stands. South America is our primary source with and that is growing. Russian imports are a bit problematical just from logistics standpoint but a recent test of cost viability has shown that Russian crude can still be shipped here a bit below domestic prices. The United States is really not that reliant on Middle Eastern oil but Japan and Europe are. That is one major reason they are so soft on the region and one reason we are soft on Mexico and all points south.

[nunya bidness]

How do you come up with the 30% figure? Is there a site that shows the latest data?

Also, assuming we did go in to Iraq and given a worst case scenario (Gulf War) where the oilfields were set ablaze what would the recovery cost compare to non-intervention?

[justshe]

Good explanation. Thanks.

[Diddle E. Squat]

How shaky is much our S. American sources?