Debunking candidate issues: Foreign Oil

23 09 2008

How 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)
    (Thousand Barrels per Day)

    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)
    (Thousand Barrels per Day)

    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.

    Source: http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html


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