Posted by
devagori on Saturday, June 28, 2008 5:14:33 PM
There is this nagging feeling within me that says is it really a
question of not having enough oil, but having enough infrastructure to
extract, refine, and distribute it. Presently, the US government does
not have the ability to do any of this. Even though we decide to lease
Anwar just like BP presently drilling and extracting elsewhere in
Alaska, where will this Anwar oil go? I have many questions since I am
ignorant of the subject and would like someone to write about the
mechanics of who, what, where, and when. Where does the oil go after?
What does the government get for this barrel oil? What does BP get for
this barrel of oil? Do we get some oil before it goes into the world
market and hence, buy it back? Whether BP drills in Cuba or in the US,
if the oil goes into their account and if we have to buy it from the
world market, then what difference does it make if it is foreign or
domestic oil? Do we get the first bid for this oil before it goes into
the international market? Who will refine this oil for us? Will
refineries be in the game on how much they want to refine and play the
demand and supply game? Please somebody answer my very simple questions
about the logistics of oil business as you were to explain it to a
child. All the media is ranting and raving about the opening up of
Anwar for drilling and extracting, but what happens after whatever
company gets the lease to drill?