Quote:
Originally Posted by freeztar
According to this nifty chart, we get most of our refined oil from the UK and only 3% comes from OPEC. We do get most of our crude oil from OPEC though, almost 54%. |
Seems like an economic disaster we don't refine all our own oil.
According to:
Refinery shortages, gasoline prices, and what's to come - Apr. 17, 2007
The US used 17 million more gallons of gasoline than it could refine in 1995. In 2005 it was up to 36 million. And, we haven't built a new refinery since 1976.
Plans to build one in South Dakota are meeting resistance, but it will apparently happen.
New South Dakota Oil Refinery One Step Closer to Reality : Gas 2.0
I'm not too versed in economics, but hopefully getting that built will provide some relief. I can't take these prices much longer.
-modest
EDIT:
Also, nice link freeztar
