Quote:
Originally Posted by georoc01
And its hypocritical for us as a country to exploit the rest of the world for 70% of our oil needs yet not be willing to use our own. There is certainly a greed component to OPEC, but also a fear that the US goal is to exploit everyone else's natural resources while hoarding our own supplies.
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While this is most certainly true, China and India are the ones driving up the demand currently.
The question is does it make sence to sit on oil fields that are larger than all of the middle east's, while we burn half of the crude oil just to get the tanker across the ocean.