This was a stunner.
With all the hoopla about how America desperately needs to become “Energy Independent” — and SO the “urgent need” to Drill off OUR Shorelines — well it turns out, all that Drilling and Spilling, is just for Barrels of Oil, destined for resale on the World Markets!
Turns out — “Our” Gulf Oil is just another “fungible global commodity“!
Huh, what? Fungy-what? Does that mean it’s “more fun”?
No. Fungible simply means something is “interchangeable”. That One unit of something (like a barrel of Oil) is worth just as much as any other Unit of that same something. One Ounce of Gold, is exchangeable with any other Ounce of Gold.
Or as Chris Hayes succinctly put it:
There’s NO barrels marked somewhere, “Foreign.”
Say What? I thought we were risking our precious Ecosystems, to “free ourselves” from the need of Foreign Oil — to increase our “Domestic Reserves”?
If British Petroleum, can pump it and dump it, on the Global Marketplace, where one Barrel of Oil is identical to every other Barrel (assuming no disastrous spills of course) —
Then what the Hell is the Point?