Oil is traded on the open market. Regardless of where you fuel your vehicle or get your heating oil, there is NO WAY to avoid getting open market oil, which means it comes from anywhere. You may have a chain letter that suggests otherwise, but that doesn't make it true, it only makes you a good candidate to purchase a beautiful bridge I currently have for sale. Great financing terms available, low money down!

On the subject of GM, really all the problems come down to management. Even the healthcare costs can be fixed by management. We're seeing Delphi doing major restructuring of their labor contracts now that they're in bankruptcy and just a month ago GM anounced that labor conceeded a billion dollars a year in health care costs. GM's got a solid business model and they can work there way out of this hole.

 

Arco and British Petroleum use North Atlantic oil. There are others, especially around the Gulf coast. Mobile, Shell, and many other companies do indeed use Opec oil, most of which is pumped out of the middle east.

Don

 

Again, first off, I can tell you that there's a gazillion source tables like this one that indicate country of origin, but none of it means anything at the pump. Do you know how many different types of gasoline we get in Arizona, for example? Two. One from a pipeline who's origin is Texas and one from a pipeline that originates in California. Las Vegas has ONE pipeline for the whole place! All gasoline comes from the fuel farms and in theory, the individual brands get to mix in their additives before it's trucked to the individual stations, but I can't guarantee that ever happens. Since there's only one fuel farm in all of Phoenix, we're all using gas that was made with oil from all over the world. Pretty near every city in the country is like that. Statements like "I went to an Arco today which means it came from Canadian oil" is pure hogwash.

By the way, you're pre-approved on the loan for my bridge in New York. PM me and I'll give you the P.O. Box to mail a cashiers check payable to CASH to for your down payment.

 

No reason to be nasty about it. Boy -- mean people really suck.

If you want to be right, you can be right.

Have a really, really nice day.

Don

 

This Newsweek Article states that GM's management was designed for a time when things changed much slower. Unfortunately events move much more rapidly and chaotically. Companies that can't adapt fail.