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To: NorseViking

[In fact all of the above is not the case. ]


Which of the above? The import of 10m barrels a day in 1991? I wasn’t exactly right, but it was close. We imported ~11.5m barrels a day in 1991.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTIMUS1&f=M

You do realize that Saudi Arabian government, which gets the profits from oil production, redistributes* this money to the population in the form of universal welfare benefits, don’t you? Whereas the only Americans benefiting from higher oil prices are the people who work in oil companies and their suppliers. Chemical companies, car companies, etc all take hits, in addition to which the US consumer takes the biggest direct hit.

Even today, with US oil production at a record 12m, US oil imports are around 8m barrels a day. Because we consume 20m barrels.

* Russia’s actually the same way. It’s the Saudi Arabia of the north. Low oil prices are why Russia is having problems paying pensions.


24 posted on 05/08/2019 1:44:40 AM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: Zhang Fei

We are mostly talking about terrorism and not the economy.
I am talking about 9/11. Was it worth it?
And no. Russia is not alike Saudi Arabia economically. It is a theory from McCain’s school of Kremlinology.


25 posted on 05/08/2019 2:10:37 AM PDT by NorseViking
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