Comments on: What Bad Economy? An Inside Look At The Hard Truth Nobody Wants To Admit http://www.geraldromine.com/what-bad-economy-an-inside-look-at-the-hard-truth-nobody-wants-to-admit/ "The Web's Leading Authority on Real Estate, Kicking Butt in Real Estate, and stuff like that!" Thu, 07 May 2009 15:02:26 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: bill http://www.geraldromine.com/what-bad-economy-an-inside-look-at-the-hard-truth-nobody-wants-to-admit/comment-page-1/#comment-59 bill Tue, 27 May 2008 03:48:23 +0000 http://geraldromine.com/?p=67#comment-59 Actually... contrary to your statement, the Mideast is NOT the only.. or even major source of oil for the USA. Our congress doesn't have the guts or foresight to understand that domestic sources of energy are enormous.. but the "green" religion has overtaken the minds of the minions who now run congress. This is the generation that maxed out on dope-and this is the long term consequences of it. Here are the actual facts: Crude Oil and Total Petroleum Imports Top 15 Countries March 2008 Import Highlights: May 12, 2008 Preliminary monthly data on the origins of crude oil imports in March 2008 has been released and it shows that two countries exported more than 1.50 million barrels per day to the United States. Including those countries, a total of three countries exported over 1.20 million barrels per day of crude oil to the United States (see table below). The top five exporting countries accounted for 69 percent of United States crude oil imports in March while the top ten sources accounted for approximately 88 percent of all U.S. crude oil imports. The top sources of US crude oil imports for March were Canada (1.727 million barrels per day), Saudi Arabia (1.535 million barrels per day), Mexico (1.232 million barrels per day), Nigeria (1.138 million barrels per day), and Venezuela (0.858 million barrels per day). The rest of the top ten sources, in order, were Iraq (0.773 million barrels per day), Angola (0.375 million barrels per day), Algeria (0.232 million barrels per day), Ecuador (0.231 million barrels per day), and Brazil (0.188 million barrels per day). Total crude oil imports averaged 9.385 million barrels per day in March, which is a decrease of (0.221) million barrels per day from February 2008. Canada remained the largest exporter of total petroleum in March, exporting 2.303 million barrels per day to the United States, which is a decrease from last month (2.464 thousand barrels per day). The second largest exporter of total petroleum was Saudi Arabia with 1.542 million barrels per day. Crude Oil Imports (Top 15 Countries) (Thousand Barrels per Day) Country Mar-08 Feb-08 YTD 2008 Mar-07 YTD 2007 -------------------------------------------------------------------------------- CANADA 1,727 1,920 1,863 1,780 1,825 SAUDI ARABIA 1,535 1,614 1,541 1,216 1,325 MEXICO 1,232 1,231 1,220 1,621 1,475 NIGERIA 1,138 982 1,097 1,290 1,156 VENEZUELA 858 945 980 1,036 1,033 IRAQ 773 780 697 523 464 ANGOLA 375 341 429 696 570 ALGERIA 232 191 264 501 484 ECUADOR 231 169 217 191 214 BRAZIL 188 169 175 209 174 KUWAIT 178 261 225 288 208 COLOMBIA 120 220 169 108 107 RUSSIA 108 80 68 193 92 CHAD 101 89 103 66 74 UNITED KINGDOM 95 60 80 77 90 Actually… contrary to your statement, the Mideast is NOT the only.. or even major source of oil for the USA. Our congress doesn’t have the guts or foresight to understand that domestic sources of energy are enormous.. but the “green” religion has overtaken the minds of the minions who now run congress. This is the generation that maxed out on dope-and this is the long term consequences of it.

Here are the actual facts:

Crude Oil and Total Petroleum Imports Top 15 Countries
March 2008 Import Highlights: May 12, 2008
Preliminary monthly data on the origins of crude oil imports in March 2008 has been released and it shows that two countries exported more than 1.50 million barrels per day to the United States. Including those countries, a total of three countries exported over 1.20 million barrels per day of crude oil to the United States (see table below). The top five exporting countries accounted for 69 percent of United States crude oil imports in March while the top ten sources accounted for approximately 88 percent of all U.S. crude oil imports. The top sources of US crude oil imports for March were Canada (1.727 million barrels per day), Saudi Arabia (1.535 million barrels per day), Mexico (1.232 million barrels per day), Nigeria (1.138 million barrels per day), and Venezuela (0.858 million barrels per day). The rest of the top ten sources, in order, were Iraq (0.773 million barrels per day), Angola (0.375 million barrels per day), Algeria (0.232 million barrels per day), Ecuador (0.231 million barrels per day), and Brazil (0.188 million barrels per day). Total crude oil imports averaged 9.385 million barrels per day in March, which is a decrease of (0.221) million barrels per day from February 2008.

Canada remained the largest exporter of total petroleum in March, exporting 2.303 million barrels per day to the United States, which is a decrease from last month (2.464 thousand barrels per day). The second largest exporter of total petroleum was Saudi Arabia with 1.542 million barrels per day.

Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Mar-08 Feb-08 YTD 2008 Mar-07 YTD 2007

——————————————————————————–

CANADA 1,727 1,920 1,863 1,780 1,825
SAUDI ARABIA 1,535 1,614 1,541 1,216 1,325
MEXICO 1,232 1,231 1,220 1,621 1,475
NIGERIA 1,138 982 1,097 1,290 1,156
VENEZUELA 858 945 980 1,036 1,033
IRAQ 773 780 697 523 464
ANGOLA 375 341 429 696 570
ALGERIA 232 191 264 501 484
ECUADOR 231 169 217 191 214
BRAZIL 188 169 175 209 174
KUWAIT 178 261 225 288 208
COLOMBIA 120 220 169 108 107
RUSSIA 108 80 68 193 92
CHAD 101 89 103 66 74
UNITED KINGDOM 95 60 80 77 90

]]> By: smcraver http://www.geraldromine.com/what-bad-economy-an-inside-look-at-the-hard-truth-nobody-wants-to-admit/comment-page-1/#comment-55 smcraver Mon, 19 May 2008 12:16:55 +0000 http://geraldromine.com/?p=67#comment-55 Iraq sells oil $128 a barrel... Iraq buys grain $7 a bushel... Solution... Sell grain $128 a bushel... Can't buy it? Tough! Eat your oil! Then oil will come down... Iraq sells oil $128 a barrel…

Iraq buys grain $7 a bushel…

Solution…

Sell grain $128 a bushel…

Can’t buy it?

Tough!

Eat your oil!

Then oil will come down…

]]> By: rkim777 http://www.geraldromine.com/what-bad-economy-an-inside-look-at-the-hard-truth-nobody-wants-to-admit/comment-page-1/#comment-54 rkim777 Mon, 19 May 2008 05:53:58 +0000 http://geraldromine.com/?p=67#comment-54 The media is probably doing the most damage to consumer confidence. It's during chaotic times like this that the most profit can be made. -- Bob Exchange ideas and investing tools at our Real Estate Mastermind Group on Yahoo Groups: http://tinyurl.com/ypue7o The media is probably doing the most damage to consumer confidence. It’s during chaotic times like this that the most profit can be made.

–
Bob

Exchange ideas and investing tools at our Real Estate Mastermind Group on Yahoo Groups:
http://tinyurl.com/ypue7o

]]> By: DesertDweller http://www.geraldromine.com/what-bad-economy-an-inside-look-at-the-hard-truth-nobody-wants-to-admit/comment-page-1/#comment-53 DesertDweller Mon, 19 May 2008 02:42:32 +0000 http://geraldromine.com/?p=67#comment-53 Hey Gerald, Some good thoughts about our precarious situation here in America. In my transportation business I've noticed a dramatic increase of customers paying for their ride to the airport using their credit cards. I'm pondering what that 43% credit card increase means and have wondered if it's because cash is in short supply, what with the cost of gasoline taking a huge part of our budgets now, and hence, more people are using the "power" of borrowing with their credit cards to get there. I wonder, if it can be ascertained, that the restaurant patrons you are seeing out there Gerald aren't doing the same. We can't ignore the polls, taken from real people, and not just the media hype, that indicate such deminished confidence in our economy. My own poll, the Darrell Barker Poll, if you want, has it that the many many people I talk to are financially hurting and are expressing great concern about gasoline prices, and comparing the UK's prices doesn't assuage them one iota. My blog, www.kickgas.wordpress.com has comment about the huge American tax breaks Big Oil is receiving at a time when their profits are historically soaring through the roof. You commented: "You do not need to be concerned with gas prices or the economy because these are all things that are out of your control. Focus on things you can control as individuals.Your life. Your finances. Your business decisions." I agree with that. By the way, the Duplex deal I bought this year is coming along fine. I've decided to that this deal is a keeper. No wholesaling this one because it nicely cash flows, We moved to Washington, by the way, but I'll be flying back to oversee the Duplex project often. Again, good blog. Darrell Barker www.kickgasatthepump.com Hey Gerald,

Some good thoughts about our precarious situation here in America.

In my transportation business I’ve noticed a dramatic increase of customers paying for their ride to the airport using their credit cards.

I’m pondering what that 43% credit card increase means and have wondered if it’s because cash is in short supply, what with the cost of gasoline taking a huge part of our budgets now, and hence, more people are using the “power” of borrowing with their credit cards to get there.

I wonder, if it can be ascertained, that the restaurant patrons you are seeing out there Gerald aren’t doing the same.

We can’t ignore the polls, taken from real people, and not just the media hype, that indicate such deminished confidence in our economy.

My own poll, the Darrell Barker Poll, if you want, has it that the many many people I talk to are financially hurting and are expressing great concern about gasoline prices, and comparing the UK’s prices doesn’t assuage them one iota.

My blog, http://www.kickgas.wordpress.com has comment about the huge American tax breaks Big Oil is receiving at a time when their profits are historically soaring through the roof.

You commented:

“You do not need to be concerned with gas prices or the economy because these are all things that are out of your control. Focus on things you can control as individuals.Your life. Your finances. Your business decisions.”

I agree with that.

By the way, the Duplex deal I bought this year is coming along fine. I’ve decided to that this deal is a keeper. No wholesaling this one because it nicely cash flows,

We moved to Washington, by the way, but I’ll be flying back to oversee the Duplex project often.

Again, good blog.

Darrell Barker
http://www.kickgasatthepump.com

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