does the oil from alaska go striaght to japan..?
347762
The US exports oil, but trying to find out where that oil comes from and goes to is not as easy as I expected.\n\nThe CIA factbook: Oil - exports:\n1.048 million bbl/day (2004)
36959
When you arrive to Alaska just go 100m north,after that go 3km west.There you'll see a polar bear without an ear.If he is standing you should go 906.7m east,but if he is not-it's a sign that the gold has been moved to another location...Ok,I'm tired of typing.\n\nReally,what gold?!And if there E V E N  exsist gold and if we even know where it is,don't you think that we'll probably go after it by ourselves?!
629298
The only similarity is with the Murphy Oil based in Eldorado AK... \n\nGood luck!
154000
uh... WHAT OIL would that be, Sparky? Liberals keep whining about it but no one can ever seem to answer the question as to WHERE *EXACTLY* THAT STOLEN OIL IS LOCATED.\n\nJust a guess, but I suspect that the question WON'T get answered here either... Go figure.
598452
Been out of the industry for a little while now so cant give you precise figures, but what I can tell you is that North Sea crude is pretty much specialised and is virtually all exported.\n\nThe UK exchequer sells our crude for more than we pay to import generally.\n\nIt is not the type of crude which lends itself to petrol production either.\n\nIt was also pretty badly drilled at the time which means that whilst there is actually quite a lot left, most of it will be to difficult and expensive to be extracted, so the supply is diminishing quickly.
1050302
Yes its possible, but will it happen?  No because there is no oil there for us.
645884
Actually, many different factors affect the 'per barrel' price that we hear about on Money Talk and other programs like that. Part of it is the amount of oil which has been produced and is available to be shipped (in that sense, yes the US production adds to the giant pool and drives the price down). However, the price is also affected by speculation, where traders buy up future oil production because they think there will be problems. But most of all, you have to remember that this is not a Soviet-style planned economy, no matter what some people on this site complain or hope. The oil is only 'ours' so long as it remains in the ground; once it is pumped out, it is the property of a multi-national corporation that may do with it whatever it feels will benefit its stockholders. If they feel they can get a better return than the market states by shipping it to China or Japan or Luxemburg, they are perfectly free to send it there; if that causes future US prices at the pump to go up, that is perfectly legal. Also, if the market says a barrel of oil is selling at $70.00 a barrel and the company pays only $20.00 to extract a barrel from a well that they control, the company has just made a profit of $50.00; if it costs them $80.00 to extract that barrel, then the well will be shut down until such time as the well will become profitable in the future, as the earlier answer had pointed out in Michigan. Again, that is perfectly legal.\n\nYes, the oil reserves of the United States are immense but, as is stated so often in this site, those reserves are often in places which are too remote or too expensive to work, or areas that are believed to be too ecologically or culturally valuable to be made available for drilling. This is another reason why the debate over domestic drilling is so often bitter. Some people feel a baby seal is more valuable than a gallon of high test, some people feel that if the seal is so worried about staying alive maybe it should get off of its butt and start evolving into something more valuable.
723332
Here's an idea.....drill in Alaska!!!!!!!!!!!\n\nOr here's another one.....ALTERNATIVE FUELS!!!  Ethanol and hydrogen should be our focus.  A failing company like GM could really benefit from getting a head start on those technologies.
310120
There have been discoveries of oil near ANWR 1002 area in Alaska.  A study conducted by the U.S. Geological Survey in 1998 shows in the results that "The total quantity of technically recoverable oil within the entire assessment area is estimated to be between 5.7 and 16.0 Billion barrels, with a mean value of 10.4 billion barrels.  Technically recoverable oil within the4 AWNR 1002 area is estimated to be between 4.3 and 11.8 billion barrels, with a mean value of 7.7 billion barrels." (pubs.usgs.gov/fs/fs-0028-01/fs-0028-01.pdf)  Read this study to better inform yourself about oil in alaska.  I am not sure how long this amount would last, but I am going to investigate how much oil is produced in foreign markets and do an unscientific comparrison.  I'll let you know when I finally get it "figured" out.
1002231
yes i do think that way coz it is mail&#92;nly wanting the oil found in the middle east. n also that an estimation proves that after 30 years to cum, there will be no oil anywhere around the world. therefore the US is trying to put its policies on the midle east to get the oil from them!!!!
655452
It's supply and demand.In other words, you need the supply and they demand more money from you because they know you will pay for it since you need the supply..There is another word for it that you nailed on the nose....GREED...\n\nAs far as Alaska is concerned...I would think that if anything they will hold off on drilling there until they have sucked our bank accounts dry and ruined enough of the enviroment to where it won't matter anymore how much polution they create....
589468
id say keep them money will come...  I'm in Louisville KY- by the end of this summer it will be almost $5 a gallon- its already $2.85+  don't loose it. we still have a untapped source in Alaska.  you know as well as i do that our politicians wont tap it until the rest of the world is dry.  then when they finally do it will be ridiculous. you will be rich.
465317
I wouldn't count on anything that isn't related to Iraqi having anything done with it by the US.  On the other hand...does Burma have oil?  If the answer is yes, then it is a possibility!
318704
Only if you are the country that is sanctioned. over all the world economy is able to absorb enough of the lost produces.  well except when it comes to Oil.
333263
There just isn't enough oil in US arctic waters to make much more than a blip. If we enlarge drilling operations, we have two options: A small, negligible but steady supply, or a big, short-term operation that would also make a negligible difference.\nThe big issue is that it’s mostly low-grade crude, and any economic benefit is probably offset by the twin bugaboos of the additional refining costs, as well as the inevitable environmental cleanup.\n\nIf we assume Americans start using less gas—which is darn unlikely—then gas prices go up as oil and gas producers adjust to preserve their profits.\n\nAmerica, however, is about to become a bit player in all this. China will, within 10 or 15 years, out-consume America for oil, and there are NO efficiency measures on the horizon there, primarily because the demand is for industrial processes, not cars. If America slows the rate of increase in consumption, it will just mean that the global rate increases slightly less quickly. Bottom line: Nothing America does is going to have much of an impact on demand or supply.
1045162
Oil is everywhere throughout the world. The problem with some regions are the instability of governments and local wars. Would you invest your billions of dollars where there is a chance your company could be overrun by thieves and local war lords? The problem for oil is also availability and ease of distribution. Alaska has no chance of having it's line of distribution interfered with by rebel groups. How will the oil be distributed in Africa? Other countries may be willing to go through extra efforts to get to untapped oil reserves and open the avenues of shipments.\n\nMany industries have collapsed in the tropics due to disease, maybe China is overlooking that.
117626
They will end up trying to sell their oil on Ebay :)