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PeakOil is You

PeakOil is You

The Financial Bubbles (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: Has the bubble popped?

Unread postby shortonoil » Mon 04 Aug 2008, 09:44:56

$this->bbcode_second_pass_quote('', 'T')o better understand the reliability of America’s oil imports it’s helpful to see who America’s faithful oil-suppliers are – and who they aren’t. The chart shows that 54% of U.S. crude imports come from countries we consider Allies willing to work with the United States (shown in black and grey). Some 31% of imports come from Axis countries (shown in shades of red,) that have demonstrated hostility to America. Another 15% are from Saudi Arabia, a Wildcard we believe could go either way. It’s unsettling to note that almost half of U.S. imports come from countries that are either unfriendly or have potential to be.
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Financial Sense

Even if speculators where responsible for oil’s recent moon trip, it appears that they had good justification to take that course. The US dependence on foreign oil is hanging by a tread; one that is getting continually weaker as the days pass, and could break at any moment!
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