Unfortunately The Port Deal Must Be Approved

[ThomWV]

We have no choice but approve the port deal. The money to buy operation of our ports, this one little bit of America, came to be in the hands of the UAE by selling us oil. If they are not able to buy America, any part of it they want, with the dollars obtained as revnues from their oil sales there won't be any incentive left to sell us oil.

You know what happens if they don't sell us oil. We can't live without out it.

[kentuck]

1. We only get about 12% of our oil from the Arabs?

We could make it without them. It would be difficult, but we could make it. Gasoline might be 6.00 per gallon?

[proud2BlibKansan]

3. Where did you get that 6%??

[skylarmae]

2. do you have a link? or is this opinion?

just curious, would like to recommend for greatest if it's true. very important...

[Coexist]

6. Here are the numbers - you do the math - please post the % if you do.

I am not up do doing all the percentages this morning.

(on edit: sorry the numbers are all bunched up - I separated them into columns in my post, but they don't show up that way.)

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)
Country Dec-05 Nov-05 YTD 2005 Dec-04 Jan - Dec 2004

CANADA 2,449 2,317 2,165 2,152 2,138
MEXICO 1,797 1,777 1,646 1,612 1,665
VENEZUELA 1,478 1,246 1,502 1,616 1,554
SAUDI ARABIA 1,472 1,370 1,523 1,502 1,558
NIGERIA 1,240 1,248 1,147 1,027 1,140
ANGOLA 435 659 465 306 316
ALGERIA 405 500 477 464 452
IRAQ 390 572 522 626 656
ECUADOR 340 264 282 267 245
VIRGIN ISLANDS 320 300 325 344 330
KUWAIT 291 289 231 219 250
RUSSIA 274 217 398 362 290
BRAZIL 237 151 155 70 104
UNITED KINGDOM 214 474 385 480 380
NETHERLANDS 174 206 149 85 101

[Coexist]

7. This one is better - UAE is #30 on the list:

(please note that this is 2004)

http://www.eia.doe.gov/neic/rankings/crudebycountry.htm

Top Suppliers of U.S. Crude Oil 2004
(Thousand barrels/day)
Rank Country of Origin Thousand Barrels/day
1 Canada 1,616
2 Mexico 1,598
3 Saudi Arabia 1,495
4 Venezuela 1,297
5 Nigeria 1,078
6 Iraq 655
7 Angola 306
8 Kuwait 241
9 United Kingdom 238
10 Ecuador 232
11 Algeria 215
12 Russia 158
13 Norway 143
14 Colombia 142
15 Gabon 142
16 Argentina 59
17 Brazil 51
18 Trinidad and Tobago 49
19 Indonesia 34
20 Australia 21
21 Libya 18
22 Cameroon 18
23 Guatemala 18
24 Malaysia 18
25 Brunei 15
26 China, People’s Republic of 14
27 Congo (Kinshasa) * 14
28 Oman 10
29 Congo (Brazzaville) 8
30 United Arab Emirates 5
31 Ivory Coast 5
32 Qatar 4
33 Yemen 4
34 Denmark 2
35 Peru 1
36 Syria 1
37 Thailand 1
Other 158
Total 10,088
Persian Gulf ** 2,400

[enid602]

4. dollar diplomacy?

I read where they are like #3 in terms of oil reserves; how many $$'s do the UAE hold in their currency reserves? Maybe the prorts sale is meant to keep them from dumping dollar reserves.

[1932]

5. Huh? I'm not sure that makes sense.

We give them cash for their oil. Then we give them all our assets too? What are we left with? All those memorable trips to the foregin-owned supermarket in our 10 mpg SUVs?

Obviously, your logic suggests a cycle we need to break, and not a cycle we need to watch descend into American oblivion. I'd rather give up foreign oil then give up every last penny and asset we own.

[unblock]

8. so, money is worthless if ports aren't for sale?

:eyes: