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The rest of the world minus North America*, whose main problem seems to be selling too much of it!
by finiteseries 5y ago
The rest of the world minus North America*, whose main problem seems to be selling too much of it!
- throwaway210222 5y agoThe USA imports about 3.7 million b/d in 2021. Russia is now the second largest supplier at 844,000 (May 2021).
- finiteseries 5y agoThis crisis is about natural gas, not oil, as described in the article. The USA imports ~0% of its natural gas from Russia, >98% from Canada, all dwarfed by its exports though making it one of the LNG sellers Asia and Europe are turning to, as described in the article. That’s assuming the DoE doesn’t at some point need to prioritize domestic needs over exports like Russia did however, as described in the article. My comment was also about North America, which includes Mexico and critically Canada. But if you’d like more about the US, here’s a nice recent overview of its natural gas trade: https://www.eia.gov/todayinenergy/detail.php?id=49156 https://www.eia.gov/todayinenergy/detail.php?id=49156
- danans 5y ago> The USA imports ~0% of its natural gas from Russia, >98% from Canada, all dwarfed by its exports Be that as it may, natural gas is a globally priced commodity [1], so US consumers won't be shielded from prices increases, unless the government decides to subsidize it. 1. https://tradingeconomics.com/commodity/natural-gas https://tradingeconomics.com/commodity/natural-gas