Debunking candidate issues: Foreign Oil
23 09 2008How many times over the course of the 2008 political campaign have we heard the phrase “Middle East oil?” Candidates for office at the federal (and even state levels) have promised to end U.S. reliance on Middle East oil, with the danger varying from the potential instability of the region to “oil wealth funding terrorists.”
Such statements demonstrate both ignorance about the U.S. energy equation and the intention to score political points at the expense of Arab Americans. Here are a few useful facts from the U.S. government. Use them well….
According to the U.S. Department of Energy’s Energy Information Agency, oil imports (whether crude or refined) come primarily from countries in our own hemisphere, and that a little more than a quarter come from the Middle East. In fact:
- the three countries in the Arab world that crack the top fifteen exporters of oil to the U.S. (Saudi Arabia, Algeria and Kuwait) are responsible for 27% or our imported crude oil.
- By contrast, 31% of “foreign oil” comes from Canada and Mexico, and when one adds in the other top import sources of oil from the Western Hemisphere (Venezuela, Brazil, Ecuador and Colombia) the percentage of foreign oil from the Western Hemisphere rises to 39%.
- The balance comes from Africa (Nigeria, Angola, Chad, combining for 15%), Europe (Russia at 2%), and Asia (Azerbaijan at 1%).
The chart below is the source of the math above. The July 2008 numbers were used because they show a higher percentage of oil coming from the three Arab producers than the numbers for other months (representing primarily Saudi Arabia’s commitment to increase production).
|
Crude Oil Imports (Top 15 Countries) |
|||||
| Country |
Jul-08 |
Jun-08 |
YTD 2008 |
Jul-07 |
YTD 2007 |
|
|
|||||
| CANADA |
1,960 |
1,883 |
1,899 |
1,818 |
1,872 |
| SAUDI ARABIA |
1,661 |
1,479 |
1,543 |
1,434 |
1,411 |
| MEXICO |
1,200 |
1,124 |
1,194 |
1,469 |
1,457 |
| VENEZUELA |
1,187 |
1,085 |
1,038 |
1,167 |
1,117 |
| NIGERIA |
741 |
946 |
993 |
890 |
1,003 |
| IRAQ |
696 |
693 |
677 |
460 |
473 |
| ANGOLA |
640 |
636 |
517 |
392 |
542 |
| BRAZIL |
241 |
280 |
224 |
147 |
156 |
| ALGERIA |
232 |
269 |
306 |
537 |
500 |
| ECUADOR |
226 |
178 |
197 |
159 |
189 |
| RUSSIA |
202 |
228 |
123 |
99 |
130 |
| COLOMBIA |
178 |
177 |
182 |
207 |
122 |
| AZERBAIJAN |
134 |
53 |
57 |
68 |
49 |
| KUWAIT |
122 |
179 |
205 |
197 |
194 |
| CHAD |
108 |
107 |
102 |
61 |
68 |
|
|
|||||
|
Total Imports of Petroleum (Top 15 Countries) |
|||||
| Country |
Jul-08 |
Jun-08 |
YTD 2008 |
Jul-07 |
YTD 2007 |
|
|
|||||
| CANADA |
2,383 |
2,359 |
2,459 |
2,386 |
2,458 |
| SAUDI ARABIA |
1,673 |
1,493 |
1,558 |
1,436 |
1,435 |
| VENEZUELA |
1,340 |
1,215 |
1,196 |
1,399 |
1,363 |
| MEXICO |
1,290 |
1,254 |
1,302 |
1,611 |
1,593 |
| NIGERIA |
822 |
1,020 |
1,052 |
906 |
1,054 |
| IRAQ |
696 |
693 |
677 |
460 |
473 |
| ANGOLA |
652 |
649 |
527 |
404 |
554 |
| RUSSIA |
554 |
764 |
486 |
534 |
419 |
| ALGERIA |
456 |
492 |
524 |
747 |
722 |
| VIRGIN ISLANDS |
290 |
314 |
329 |
372 |
327 |
| BRAZIL |
272 |
314 |
250 |
200 |
204 |
| ECUADOR |
227 |
184 |
204 |
172 |
195 |
| COLOMBIA |
191 |
179 |
203 |
231 |
138 |
| UNITED KINGDOM |
167 |
286 |
215 |
369 |
319 |
| NETHERLANDS |
139 |
264 |
163 |
130 |
126 |
Note: The data in the tables above exclude oil imports into the U.S. territories.






Recent Comments