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Environment & Energy

happyslug

(14,779 posts)

5. About 5% of oil exports are lost before they are imported....

Reply to Warpy (Reply #1)

Wed Jul 30, 2014, 12:45 AM

Jul 2014

The issue has been what happens to that 5%? The answer seems to be the US Military. If the US gets the fuel outside of the US and ships it to bases NOT in the US, the US does NOT count it as an "Import". The problem is neither does the country that US Base is in. Thus you lose 5% of all oil Exports, for no one "Imports" that oil into their own country. Another example of "Figures don't lie, but Liars Figure".

Thus in 2008 when oil became tight, you saw a big jump in oil prices as the gap between oil PRODUCTION and CONSUMPTION edged to 5%, the CONSUMPTION number is about 5% to small.

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Highlight:

America's Oil Consumption Is Rising, Not Falling, Outpacing China's [View all] NickB79 Jul 2014 OP

The biggest institutional guzzler of petroleum is the combined US military. Warpy Jul 2014 #1

Odd our oil consumption would increase as we end our wars then. NT NickB79 Jul 2014 #2

They are in peacetime, too Warpy Jul 2014 #3

The US military uses 360K barrels of oil per day. Spider Jerusalem Jul 2014 #4

About 5% of oil exports are lost before they are imported.... happyslug Jul 2014 #5

Need to increase investment in renewable energy technologies kellywestlund Jul 2014 #6