Editor's Note: This email is a hoax. There are a lot of problems with this email on gas prices. Here are three of the statistical errors:
- 86% of Middle East oil does not come from Saudi Arabia and Iraq.
- We don't import most of our oil from the Middle East. Only about 31% of our imports come from the Middle East.
- Some of the companies listed actually do import from the Middle East (for example, Citgo, BP and Phillips). And some of the companies that supposedly don't import from the Middle East, in fact, do.
But more important, the suggested strategy isn't particularly practical. Buying from the smaller companies to put the larger companies out of business ignores details like: 1) the smaller companies couldn't supply current needs (and if they could, they'd most likely wind up buying from the larger, 'bad guy' companies); 2) oil companies regularly sell to one another; and 3) many companies sell through a multitude of channels, so it's very difficult to know where the gas you're buying actually comes from.
We highly recommend that you NOT pass along chain letter emails like this one on gas prices. Almost all of them are hoaxes.
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