According to the U.S. Energy Administration, two months ago the United States total crude oil imports averaged 9,033 thousand barrels per day (tbpd), with the top five exporting countries being Canada (2,666 tbpd), Mexico (1,319 tbpd), Saudi Arabia (1,107 tbpd), Venezuela (930 tbpd) and Nigeria (918 tbpd.)
Notice anything odd about this list? First, three of the top five oil exporters to the U.S. are in the Western hemisphere, and two of them are neighbors.
Secondly, only two of the five states can comfortably be described as stable. Mexico is slowly unraveling due to the drug war, Nigeria’s militant regularly attack foreign oil concessions in the Niger delta and Saudi Arabia’s geriatric monarchy is nervously watching events unfold in the Middle East, wondering if the “Arab spring” may impact their autocratic hold on power, a view no doubt made more nervous by the sudden arrival on 6 June of Yemeni President Ali Abdullah Saleh to Saudi Arabia for medical treatment. Full article at: U.S. Venezuelan Relations
Dolorem perspiciatis architecto maiores aut minima consequatur. Vitae placeat quos molestias aut maiores molestiae qui. Veritatis fugiat sequi dolor sit doloremque officia et. Voluptatibus incidunt autem voluptate tenetur omnis nam. Id tempore quis et vitae voluptatem incidunt.
Maiores autem et nobis animi repellat amet. Blanditiis illum amet est ratione omnis odio. Modi ipsum repellat laudantium eveniet rerum non. Saepe quam non et magnam qui. Atque vitae totam accusamus. Facilis ut omnis dolorem distinctio qui beatae.
Sed alias in qui ullam. Ipsum et et provident nihil aut hic. Odit enim rerum ad a consectetur. Numquam nisi exercitationem facere et itaque vitae in sit. Inventore quas blanditiis aut corporis laudantium deleniti et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...