Friday, July 18, 2008

Where Does Our Imported Oil Come From?

We keep hearing about how we are heavily dependent on Middle Eastern Oil, and we are funding the terrorists etc, etc, etc. I did some poking around to find out just what we import and export. Here is what I found:

Here is the data from the Energy Information Administration (US Government site)

Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country May-08




CANADA
SAUDI ARABIA
MEXICO
VENEZUELA
NIGERIA
IRAQ
ANGOLA
ALGERIA
BRAZIL
KUWAIT
COLOMBIA
ECUADOR
RUSSIA
LIBYA
EQUATORIAL GUINEA

Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)
Country May-08




CANADA
SAUDI ARABIA
MEXICO
VENEZUELA
NIGERIA
ALGERIA
IRAQ
ANGOLA
RUSSIA
VIRGIN ISLANDS
BRAZIL
COLOMBIA
KUWAIT
UNITED KINGDOM
NORWAY

From the chart above, it looks like about 30% of our crude oil comes from the Middle East with only 17% coming from the Saudis and only 6% coming from Iraq.

But here are the members of OPEC: The Organization of the Petroleum Exporting Countries (OPEC) is a group of twelve states made up of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Libya, Algeria, Nigeria, Angola, Venezuela and Ecuador. Based on the chart above, we get about 60% of our oil from OPEC producers.

And here is another chart showing our exports by OPEC and Non-OPEC countries.

The US also happens to export oil and here is where it goes.

According to this webpage(on the right side of the page) - the US is the third highest producer of oil and the largest consumer and importer of oil.

Top World Oil Consumers, 2006
(thousand barrels per day)



It's interesting information to say the least.
The forecasts are also pretty fascinating reading.

U.S. Energy Consumption by Fuel (1980-2030)
(quadrillion Btu)
U. S. Energy Consumption by Fuel (1980-2030).  Need help, contact the National Energy Information Center at 202-586-8800.

One thing is clear - we should shift our sources of energy and continue to develop new technologies.

4 comments:

Eric said...

Makes the thought of a North American Union quite interesting doesn't it? Add Canada, Mexico and occupied Iraq, and suddenly you don't import any oil. See, we really are working toward independence from foreign oil - by annexing the planet.

Also interesting that 15 of the 19 hijackers on 9-11-01 were from Saudi (the other four from UAE), yet we import the most from them and simultaneously sell them billions in arms - all while we are at "war" with "terror".

Vasacor said...

Is that true whatever figures you have mentioned about Canada. On consumption levels it is even below developing countries like India and with shooting crude oil prices I dont think there is any big changes in their economy.

Very interesting figures and much I was not knowing...thanks

Anonymous said...

What a joker ...
About Canadian oil consumption:
"On consumption levels it is even below developing countries like India".
Consumption mentioned is TOTAL, not per capita.
Canada population is about 3% of India ... so their consumption is not "below developing countries".
Do the math ...

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