"To sum up why the price of gasoline is so high even though the US is producing so much more oil than before:
-The high cost of American oil production
-Even higher costs due to imported (non-Canadian) oil
-Obama not allowing cheaper Canadian oil to flow to the refineries via pipelines such as the Keystone XL
-The taxes on crude are used to fund Obama's green dream—his green-energy "legacy"—and his love for ethanol and the taxes at the pump will not decrease"
......................................Let's take a look at who the US buys the imported oil from.
Country
|
Millions of barrels
exported to US per day |
Canada
|
2.5–3
|
Saudi Arabia
|
1.2–1.5
|
Mexico
|
0.8–1.0
|
Venezuela
|
0.8
|
Kuwait
|
0.3–0.5
|
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