Friday, August 17, 2012
Big Oil really wants the XL pipeline
As well as the removal of any regulations that may diminish the effect of their corporate welfare from Congress.
The United States is increasing its dependence on oil from Saudi Arabia, raising its imports from the kingdom by more than 20 percent this year, even as fears of military conflict in the tinderbox Persian Gulf region grow.So we have to keep the Strait open by asking Iran to knock the chip off our shoulder and letting our little rogue nation buddy Israel yap and snap at their ankles. Like we really have to \do this shit.
The increase in Saudi oil exports to the United States began slowly last summer and has picked up pace this year. Until then, the United States had decreased its dependence on foreign oil and from the Gulf in particular...
βUntil we have the ability to access more Canadian heavy oil through improved infrastructure, the vulnerability will remain,β said David L. Goldwyn, former State Department coordinator for international energy affairs in the Obama administration. βThe potential for an obstruction of the Strait of Hormuz therefore poses a physical threat to U.S. supply as well as a potential price shock on a global level.β
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