Charles W. Moore
Occasional thoughts and deeds of an Engineer
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A Trillion dollars for oil next year -count on it
Posted on November 10th, 2009 No commentsIn September 2009, we imported 357 million barrels of oil at a cost of $25 billion. That represented about 63 percent of the oil we consumed in September. At current prices, we will spend about a third of a trillion dollars on imported oil over a 12-month period. That is money circulating through the economies of Saudi Arabia, Nigeria and Venezuela instead of South Carolina, North Dakota and Virginia.
Related articles – Read & Weep
- Facts About US Energy (eagleviews.org)
- Crude World: The Violent Twilight of Oil by Peter Maass | Book review (guardian.co.uk)
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