wasn't there oil wells in Texas?

Question

if so then why the hell are we still buying oil from the iraqies open them back up and kill two birds with one stone not only could we lower gas prices but just think about how many jobs it would open up for that matter why import any thing that we can produce our selves giveus back our factorys and plants so that we can make america once again a true land of oppertunity

Answer 1

We must remember that this is not a communist planned economy, just because there are natural resources does not mean we can have them. The oil is only OURS so long as it remains in the ground. Once we the people have subsidized its extraction, it belongs to a multi-national corporation who may do whatever they wish with it.

The decision of which wells to extract oil from depends on how much money per barrel it costs to get the product, which will determine what the profit per barrel is, which determines if it is WORTH the corporation's time and effort to get it out of the ground. If it costs the corporation $20 per barrel to get oil from Texas and it costs $17 per barrel to get oil from Saudi Arabia, then that is what they will do.

The products made in factories are not OURS. The corporations own the means of production because they have the financial resources to operate them, and as such they can decide where they will spend their money. If we the people do not care where our products are manufactured, or what is done to the people who make them (and we do NOT care, we just want to save a few pennies because we are blindly greedy and are easy to manipulate!), then the corporations will obviously produce the items in an area where the costs are the lowest. I the corporation can save 80% on the costs of manufacture by enslaving people in China or Indonesia and give us a savings of 2%, we are THRILLED. After all, at its greatest extent only about 30% of the American population was working in manufacturing, so even if all of them were replaced with slaves that meant 70% of us were not badly affected by our neighbors being thrown out of work.

Answer 2

The real reason is because environmentalist do not alllow the US to get oil from our own nation.. We have not built an oil refinery since the 1970s.. And we are not allowed to drill for oil in the most oil rich part of the country.....

Answer 3

My friend works for an oil company and he said we have tons of oil here that is not being tapped because the environmentalist have made it impossible to do so. We wouldn't have to use the foreign oil, except with all the environmentalist rules and regulations, it would cost more to use our own oil than it does to import it.

Answer 4

If Texas is anything like Michigan, they still have producing wells. We have them capped, I think it is more profitable for the oil company's to buy oil from the middle east then to pump their own oil so the just cap them and forget them.

Answer 5

Because Bush and Cheney want to control all of the oil in the world! It's all about profit, regardless of how that effects Americans, and the world.

Answer 6

There still are both on and off shore. There are wells in other parts of the US too, but none supply enough oil to meet our current demands.

Answer 7

well i was trying to read your question but it just went on and on and had no puncuation or caps and is a giant run on sentence so i gave up and decided not to finish it was something about oil i guess why don't you write a good question then people will give a good answer ok have a good day and ty for the two points anyway

Answer 8

The USA supply of oil cannot feed the demand.

Answer 9

They still pump much oil in Texas .. all over much of the Southeast actually .. tons in Alaska as well ...

Answer 10

They don't produce nearly as much as we use.