Who's eating the "cash
By William Schultz
July 23, 2006
I am trying to confirm. or dispel, the rumors concerning the
percentage of oil pumped out of the Alaskan fields that do not
reach the actual pumps in the United States. The main customer
in these rumors being Japan. I understand the need for oil, but
one of the main reasons continually given for the tremendous
spike in prices (and profits...hmmmm) is the scarcity of crude,
which then leads to the argument for the opening of unrestricted
drilling in the ANWAR, and all fields for that matter.
Being from Kansas, where "capping" wells when the demand
is low, and "uncapping" when the demand (read price)
is high, is a process that has gone on for decades.
Being relatively naive when
it comes to the marketing of oil, I figured most of the crude
stayed in the country that consumes the most. Go figure, eh?.
I am hoping that any responses to these comments will be forwarded
by the SitNews people as I would like to hear any and all perspectives.
Knowing that Alaskan citizens receive cash from the oil sales,
I am sure most Alaskans stay up to date on who is eating the
Topeks, KS - USA
About: I am a resident of "KANSAS".
My expertise consists of the ability to open my gas cap, stuff
all the cash I have, and thank Exxon-Mobile for their charity
in not buying up all the drinking water...YET!
Note: Comments published
on Viewpoints are the opinions of the writer
and do not necessarily reflect the opinions of Sitnews.
Send A Letter -------Read Letters
E-mail the Editor
Stories In The News