3 ms·
But oil is fungible. This means you can’t really make statements such as we only buy 2% oil from Russia. Scott Adams even made a strip for bad thinking like th
by splintercell 5y ago
But oil is fungible. This means you can’t really make statements such as we only buy 2% oil from Russia.
Scott Adams even made a strip for bad thinking like this:
Dilbert: I'm thinking about buying a more fuel-efficient car.
Dogbert: Why?
Dilbert: It's my patriotic duty to reduce this country's dependence on foreign sources of oil.
Dogbert: Why?
Dilbert: Because then the countries that hate us will have less money to fund terrorists.
Dogbert: Actually, developing countries would buy the oil you saved. Thus adequately funding those same terrorists.
Dilbert: At least I wouldn't be funding them myself.
Dogbert: Oil is a fungible commodity. The capitalist system virtually guarantees that you'll end up buying the lowest cost oil from sources unknown to you.
Dilbert: Well, maybe, but I want my car to make a statement.
Dogbert: And the statement would be "Hey, everyone, I don't understand what fungible means."
—————
Also you’re incorrect about US buying Saudi oil. Most of our oil did not come from Saudi Arabia.