Originally Posted By: friendly_jacek
Originally Posted By: 440Magnum
Originally Posted By: friendly_jacek
The unwashed masses thought Saudi was the number 1 source of import. It's the number 2. OK, what is the big deal? It doesn't change the fact US imported oil for a looong time.
It's actually a distant #3 after domestic and Canada. People thought the earth was flat for a looooong time too.
I guess you don't understand what import means.
I guess you missed the word "domestic."
The key word is "distant." If all the Saudi oil disappeared, its now a small enough percentage of the TOTAL US consumption that it wouldn't be a disaster like it would have been in the 1990s. Sure, it would cause a price spike, but it wouldn't bring back gas lines.