On Thu, 25 Jan 2007 18:46:38 -0500, Larry wrote:

Hmm....Japan pays more for oil than America....so why wouldn't I ship oil
to Japan, where it makes me more money??

Oil is traded daily on world wide auctions, the so called "spot
market". The rest is sold under longer term contracts. The spot
market goes to the high bidder for any given tanker load. If Japan
pays more it is because of shipping costs which are built into the
deal by the tanker brokers.