RoyHudd:
True, and large amounts of petroleum are also exported from Venezuela, Nigeria, Russia (to Europe..) and some from Iran and Canada.
Anonumus6:
Or did those countries just now pump their last petroleum? China has quietly been trying to buy certain oil fields in Nigeria, by the way, according to "the Economist" magazine.
The Indian and Chinese economies have both been expanding at a fast rate, requiring much more petroleum, do they not?
As a recent history refresher for the other youngsters out there, maybe a first lesson....the first Arab/OPEC oil embargos (major price increases-known as extortion or Olerpressung) were in '73 and about '77 and these affected many countries.
Many, maybe all of them could have invested much more in alternate fuels (?), long before the Bush admin. came into power (they made their share of major mistakes-but one might also read about Carter {his regime could have helped slow or avoid the changes in the Iranian government} and Clinton...).
This time span includes US Presidents Ford (Rep: 4 years), Carter (Democrat:4), Reagan (Rep:4), Bush Sr. (Rep:4), And President Clinton (Democrat-8 years!).
And by the way, Senator Hillary Clinton
, the US darling (Liebling) of the foreign press, also voted to invade Iraq. She could have voted "no", but made the deliberate decision to vote otherwise.
She shares responsibility for allowing the war to begin.
