LIBYAN/GAS CONNECTION? BULLSHIT!

Don't buy a bit of the bullshit everyone is putting out about the connection between Libya and gas prices.

It's pure bullshit. Here's the US import record from last year, as per the United States Energy Information Service.

Why is gas so high? For the same reason a dog licks himself.


December 2010 Import Highlights: Released February 25, 2011

Monthly data on the origins of crude oil imports in December 2010 has been released and it shows that four countries exported more than 1,000 thousand barrels per day to the United States (see table below). The top five exporting countries accounted for 72 percent of United States crude oil imports in December while the top ten sources accounted for approximately 88 percent of all U.S. crude oil imports. The top five sources of US crude oil imports for December were Canada (2,064 thousand barrels per day), Mexico (1,223 thousand barrels per day), Saudi Arabia (1,076 thousand barrels per day), Nigeria (1,024 thousand barrels per day), and Venezuela (825 thousand barrels per day). The rest of the top ten sources, in order, were Iraq (336 thousand barrels per day), Angola (307 thousand barrels per day), Brazil (271 thousand barrels per day), Algeria (262 thousand barrels per day), and Colombia (220 thousand barrels per day). Total crude oil imports averaged 8,631 thousand barrels per day in December, which is an increase of 23 thousand barrels per day from November 2010.

Canada remained the largest exporter of total petroleum in December, exporting 2,713 thousand barrels per day to the United States, which is an increase from last month (2,510 thousand barrels per day). The second largest exporter of total petroleum was Mexico with 1,365 thousand barrels per day.

Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Dec-10 Nov-10 YTD 2010 Dec-09 YTD 2009
CANADA 2,064 1,975 1,972 2,104 1,943
MEXICO 1,223 1,229 1,140 1,063 1,092
SAUDI ARABIA 1,076 1,119 1,080 870 980
NIGERIA 1,024 806 986 1,020 776
VENEZUELA 825 884 912 772 951
IRAQ 336 340 414 325 449
ANGOLA 307 263 380 266 448
BRAZIL 271 188 254 181 295
ALGERIA 262 379 325 336 281
COLOMBIA 220 489 338 179 251
ECUADOR 192 188 195 86 181
RUSSIA 158 85 252 168 230
KUWAIT 125 170 195 160 180
UNITED KINGDOM 124 80 120 67 103
ARGENTINA 85 35 29 33 53

Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)
Country Dec-10 Nov-10 YTD 2010 Dec-09 YTD 2009
CANADA 2,713 2,510 2,532 2,710 2,479
MEXICO 1,365 1,363 1,280 1,204 1,210
SAUDI ARABIA 1,087 1,141 1,094 877 1,004
NIGERIA 1,070 860 1,025 1,029 809
VENEZUELA 917 942 987 849 1,063
RUSSIA 514 553 611 385 563
ALGERIA 484 572 507 544 493
IRAQ 336 340 414 325 450
ANGOLA 319 276 390 278 460
BRAZIL 295 198 271 184 309
UNITED KINGDOM 236 187 256 199 245
COLOMBIA 231 492 365 231 276
ECUADOR 192 194 197 86 185
VIRGIN ISLANDS 191 234 255 289 277
KUWAIT 125 170 197 160 182
Note: The data in the tables above exclude oil imports into the U.S. territories.