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Higher Gas Prices?


Old oil data but interesting…

We were able to secure the statistics from the U.S. Department of Energy for various oil companies for calendar Year 2000:

Shell purchased 3,611,000 barrels from Kuwait and Saudi Arabia
BP purchased none from the Middle East.
Chevron purchased 14,724,000 from the Middle East.
Citgo-None from the Middle East.
Amoco purchased 3,611,000 barrels from the Middle East.
Exxon-Mobil combined purchased 13,273,000 barrels from the Middle East.
Marathon purchased 10,710,000 in Middle Eastern oil.
Sunoco purchased none from the Middle East.
Conoco purchased 523,000 from the Middle East.
Sinclair-We didn’t find any figures.
Phillips-We didn’t find any Middle Eastern purchases.

Push forward to 2010.

Imported from Middle East

Shell                                                   5,620,000*
Chevron/Texaco                                  91,168,000
Exxon /Mobil                                       121,300,000
Marathon/Speedway                         76,660,000
Amoco                                                  55,906,000

Not Importing

Sunoco                                                 0
Conoco                                            18,687,000
Sinclair                                               0
BP/Phillips                                    55,906,000*
Hess                                                      0
Valero                                             92,305,000
Murphy Oil USA                               0

So why are we going to pay alot more for a gallon of gas? It makes no sense since most of the oil is not from the Middle East. Now the news will tell you because of the upheaval in Greece, the Iran threat of closing the passage, the other Middle East countries vying for a different ruler. It is my understanding that the U.S. gets most of its oil from Canada and Mexico. So where is the expense of importing a barrel of oil?
It is either trucked or piped into the refineries. Wake Up, America.

I guess that the other thing that bothers me is that the economy is trying to turn a corner and the gas companies are gouging us for more money.

Where is the outrage? Where is the uproar of the people?

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8 Responses to “Higher Gas Prices?”

  1. Mike Golch Says:

    well they can’t keep blowing up or burning dow the refineries/oil rigs so they blame the hikes on the turmoil in the middle east.

  2. Linda Says:

    Hi Mike … You would think! 😀

  3. Lissof_Leuf Says:

    Like boiling a live frog, they turn up the heat(price) a little at a time, thinking we will not notice…!!!

  4. Linda Says:

    Hi Lissof …. You know, it really seems to be the trend.

  5. Hillary Says:

    Wow that is great information and definitely worth thinking about. I don’t understand why prices are going up but maybe partly could be blamed on the spill they are probably trying to make up for lost money.

  6. Linda Says:

    Hi Hillary … That is one reason but I really think they are going to get as much as they can before the hybrids really start a big trend.

  7. Robert Williams Says:

    Most of us know that oil ONLY comes from the Middle East! and I agree with Hillary, why are the prices going up?!

  8. Linda Says:

    Hi Robert …. How bout thanking the Wall Streeters who are constantly rising the barrel of oil due to their dire forecasting or predictions.

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