Posted on 09/22/2006 7:26:54 AM PDT by Quaker
I guess that I should not say they own them all because you can get gas at most of your discount store like Wal Mart,Sam's and our chain of food stores here...
That depends entirely on where you live. The ones around here are for the most part, very well-kept with few ME employees.
I'm sure the sailors and marines that use these Citgos on-base, appreciate the fact that gas is $0.10-20 per gallon cheaper than off base. They should get a raise also.
not sure exactly how they accumulated these figures, but Venezuela's output has increase throughout the time span, yet our buying from Venezuela has either stabilized or slowed, and our total buying from all sources has increased dramatically over this same period.
When you facto that in, the percentages drop. In other words, you are missing the part of the picture where our total usage dramatically increased. In this scenario, the amount bought from Venezuela would have had to go up dramatically just to keep pace.
So my contention that the percentage of Venezuela's imports has fallen is correct. This does not mean that the number of barrels used has fallen dramatically, but their percentage of the total pie has.
A good example of how statistics can be made to tell the story in any way you chose. However, the reality can be different, depending on what you leave out or insert.
I hope this explains what you are seeing. put the chart up for our total importation, and then look at the percentage of crude from Chavez.
Yep. And the same goes for the refined gasoline. If America stops buying from Citgo stations but doesn't reduce its consumption then the BP's and Mobils will run out of gasoline and have to buy the Citgo gasoline (that no consumer is buying because of the 100% successful boycott) from Citgo in order to satisfy their increased demand.
Citgo would probably make more money because they would have the supply and the other stations would run dry.
Considering that both Islamic terror and Chavez' government are funded by oil profits, it seems a no brainer that the West needs to do something about it.
Yes. We need to increase domestic production and reduce overall consumption. Then the market will be smaller and we will need to buy less from hostile sources.
Boycotting one brand of gasoline is a futile gesture.
SD
Agreed - and the Feds need to also force the the opening of ANWAR, as well as forcing the issue of producing major know deposits off the shores of both Florida and California
There is an immense amount of data available at the Energy Information Administration.
and our total buying from all sources has increased dramatically
True, but this doesn't mean we are replacing their oil, just not buying more of it. The average over the last few years is down from a decade ago, but the last 4 years or so do not trend down appreciable.
U.S. Crude Oil and Petroleum Products Imports from All Countries
I suspect he will totally nationalize when he thinks he has all the data and technology that he needs to continue to produce.
I think these companies should be planning their exit, if they are not already doing so.
At that point, you will see a big decrease as his China contracts kick in and we get out.
I think the slack will be picked up by Russia as they come on line in a big way. Also from Iraq.
IMO, we either need to isolate this creep and his country, or get directly involve in his overthrow now. we need to stop dicking around with him. The State Department's inaction will be to our detriment in the longer term.
Go ahead and consciously give your money to Hugo then. Good luck with that.
Well, if the total imports are up each year, and our buys from Venezuela are constant, then the percentage he provides has to go down. We have to replace it somewhere, and we are.
That's all I said....It's pretty simple.
Something else to consider, is that his fields are drying up. We started pumping over there, at about the same time we did in Texas. His offshore capacity has increased, and that is due to offshore technology that he is at risk of losing. Also the tech for extraction where all the easy money is gone.
It will be interesting to see if the Chinese and or Iranians do not completely take over his operations. I really think that this is where it will go. He is a very stupid man.
No, we are replacing domestic production we used to have with other foreign imports. That should be our biggest concern.
I thought I was the only one who hated those BP ads! I especially disliked the one with the woman who natters on about the environment; it made me ashamed to be female.
Go ahead and unconsciously give your money to Hugo then. Good luck with that.
SD
BP screwed me by price-fixing propane, my home heating source, so they're on the sh*tlist also.
I will, along with all the sailors, marines and govt employees on the bases in this area that appreciate the savings.
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