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user-inactivated  ·  4340 days ago  ·  link  ·    ·  parent  ·  post: Three Major Economic Misconceptions

If that's the case, which sounds roughly right, the statement is still true -- we don't consume that oil. And while we may make a profit off of Middle Eastern oil by refining it, we don't need it at this point in time, as evidenced by the fact that we don't use it.

I would like to know exactly how much oil falls into that category.