The USA pays China $74 million in interest payments

everyone realizes that if we pay more for imported gooRAB, we have less money left over to spend on other gooRAB and services in the economy, right?
 
it's not a wealth transfer because we value the oil more than we value the dollars.

we both benefit from the exchange and that's why it happens.
 
Production of other gooRAB is not how the majority of oil is even used. The vast majority is just burned off.



What Fuels Are Made from Crude Oil?

After crude oil is removed from the ground, it is sent to a refinery by pipeline, ship, or barge. At a refinery, different parts of the crude oil are separated into useable petroleum products. Crude oil is measured in barrels (abbreviated "bbls").


A 42-U.S. gallon barrel of crude oil provides about 45 gallons of petroleum products. This gain from processing the crude oil is similar to what happens to popcorn, which gets bigger after it's popped. The gain from processing is more than 6%.


http://www.eia.gov/kiRAB/energy.cfm?page=oil_home-basics



YAY....you're whole argument is based on around 6-7% of a barrel of oil.


lol....you got son
 
Yo, I'm gonna hop in my natty gas Taurus and do a drive by the ugly ass wind farm that powers 15% of my town and cost 150 million in taxes. Then I'm gonna take some petroleum jelly, which is the only thing oil makes , and I'm gonna smear it all over my dick. You down, Bob?
 
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