How much Alaskan oil is actually consumed in the US?

[dansolo]

Alaska doesn't produce 20 percent of US energy, and I thought that most, if not all of it, was sold on the open markets. I wish someone would call Palin out on this lie.

[RB TexLa]

1. All oil is sold on the open market, there is no market by individual nation

You produce it and put it in the market doesn't matter what country it goes to.

[tularetom]

3. Actually some oil is purchased by nationalized oil companies

such as the Chinese company that just concluded a deal with the government of Eye-rack to purchase a shitload of iraqi oil.

[RB TexLa]

4. Nationalized, private. You sell it to whoever is buying.

[lapfog_1]

2. Oil, not energy... and it's 14 percent.

It's only 20 percent if one averages over a very long period of time, Alaskan oil fields have been in decline for a number of years.

And I seem to remember that of that 14 percent, less than 25% actually is refined in the US or about 4% of US refined oil products originate in Alaska.

[tibbiit]

5. we produce 3%

THAT 20% figure is bogus. Most of the oil from AK North SLope is shipped to japan.
tib

[DURHAM D]

6. Alaska produces 20% of the oil produced in the U.S.

Operative word is produced.

Doesn't say a thing about consumption.