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That is also a slight misconception, is it not? We might only consume a small part of it, but we still import a ton of it, refine it, and then export it again. That's how a lot of oil companies make money, if I understand it correctly.Fact: Just 9.8% of oil consumed in the U.S. comes from the Middle East.
user-inactivated · 4371 days ago · link ·
If that's the case, which sounds roughly right, the statement is still true -- we don't consume that oil. And while we may make a profit off of Middle Eastern oil by refining it, we don't need it at this point in time, as evidenced by the fact that we don't use it. I would like to know exactly how much oil falls into that category.