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The US only imports about 15% of crud oil and related products (such as gas) from Saudi Arabia. 70% is non-OPEC, and 40% is from Canada [1]. At the same time, t
by lobster_johnson 11y ago
The US only imports about 15% of crud oil and related products (such as gas) from Saudi Arabia. 70% is non-OPEC, and 40% is from Canada [1]. At the same time, the US produces roughly the same amount that it imports [2]. So at this point in time, the US no longer needs the Middle East for oil.
[1] http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_...
[2] http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MC...
- nickbauman 11y agoCompletely true: the US doesn't need middle eastern oil. But the politics around oil are not just about getting it. It's also about preventing certain groups from getting it AND controlling access to oil to our strategic allies. Oil is the lever of all geopolitics. To understand the balance of power, the economics and politics of oil go hand in hand. It's not just about driving your car: it's about ruling the world.