March 7, 2011

• DON’T BE FOOLED PEOPLE!!!!!

  We are being scammed big-time with the rise in gas prices! The conflict in Libya is being given as the reason oil prices are going up but if you look closely you’ll see that it’s simply an excuse. It’s a lie! You will not see Libya anywhere near the top on any list of US oil suppliers! This is a perfect example of disinformation. At the beginning of the conflict in Libya I heard a mainstream reporter say that Libya is only responsible for less than 2% of the world’s production of oil so this conflict should not affect oil prices. A day later I heard a different reporter say that Libya is a main exporter of oil to the US and that this conflict was going to cause a large spike in gas prices. It has also been stated that Saudi Arabia has offered to pick up the slack to cover any losses we might experience due to the unrest in the Middle East and Africa. Do your homework. Check it out for yourself if you don’t believe me. We are being lied to and taken advantage of!!!!! 

  This is a copy of an article posted on the US Energy Information Administration (EIA) website. This is a US Government website!!!!!

  Crude Oil and Total Petroleum Imports Top 15 Countries

  December 2010 Import Highlights:  Released February 25, 2011 Monthly data on the origins of crude oil imports in December 2010 has been released and it shows that four countries exported more than 1,000 thousand barrels per day to the United States (see table below). The top five exporting countries accounted for 72 percent of United States crude oil imports in December while the top ten sources accounted for approximately 88 percent of all U.S. crude oil imports. The top five sources of US crude oil imports for December were Canada (2,064 thousand barrels per day), Mexico (1,223 thousand barrels per day), Saudi Arabia (1,076 thousand barrels per day), Nigeria (1,024 thousand barrels per day), and Venezuela (825 thousand barrels per day). The rest of the top ten sources, in order, were Iraq (336 thousand barrels per day), Angola (307 thousand barrels per day), Brazil (271 thousand barrels per day), Algeria (262 thousand barrels per day), and Colombia (220 thousand barrels per day). Total crude oil imports averaged 8,631 thousand barrels per day in December, which is an increase of 23 thousand barrels per day from November 2010. Canada remained the largest exporter of total petroleum in December, exporting 2,713 thousand barrels per day to the United States, which is an increase from last month (2,510 thousand barrels per day). The second largest exporter of total petroleum was Mexico with 1,365 thousand barrels per day. Crude Oil Imports (Top 15 Countries) (Thousand Barrels per Day) Country Dec-10 Nov-10 YTD 2010 Dec-09 YTD 2009 CANADA 2,064 1,975 1,972 2,104 1,943 MEXICO 1,223 1,229 1,140 1,063 1,092 SAUDI ARABIA 1,076 1,119 1,080 870 980 NIGERIA 1,024 806 986 1,020 776 VENEZUELA 825 884 912 772 951 IRAQ 336 340 414 325 449 ANGOLA 307 263 380 266 448 BRAZIL 271 188 254 181 295 ALGERIA 262 379 325 336 281 COLOMBIA 220 489 338 179 251 ECUADOR 192 188 195 86 181 RUSSIA 158 85 252 168 230 KUWAIT 125 170 195 160 180 UNITED KINGDOM 124 80 120 67 103 ARGENTINA 85 35 29 33 53      Total Imports of Petroleum (Top 15 Countries) (Thousand Barrels per Day) Country Dec-10 Nov-10 YTD 2010 Dec-09 YTD 2009 CANADA 2,713 2,510 2,532 2,710 2,479 MEXICO 1,365 1,363 1,280 1,204 1,210 SAUDI ARABIA 1,087 1,141 1,094 877 1,004 NIGERIA 1,070 860 1,025 1,029 809 VENEZUELA 917 942 987 849 1,063 RUSSIA 514 553 611 385 563 ALGERIA 484 572 507 544 493 IRAQ 336 340 414 325 450 ANGOLA 319 276 390 278 460 BRAZIL 295 198 271 184 309 UNITED KINGDOM 236 187 256 199 245 COLOMBIA 231 492 365 231 276 ECUADOR 192 194 197 86 185 VIRGIN ISLANDS 191 234 255 289 277 KUWAIT 125 170 197 160 182 Note: The data in the tables above exclude oil imports into the U.S. territories.

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