Top countries that import oil to the US

<div class='quotetop'>QUOTE(Codyroo @ Nov 21 2007, 12:52 PM) [snapback]542441[/snapback]</div>

Interesting, but it doesn't make any sense. The year to date numbers are less than than the individual monthly numbers :blink:

 

I'm guessing the year-to-date column is in millions of barrels.

 

Mexico used to be #2. As their Cantarell field's production continues to nosedive we'll be forced to import oil from elsewhere. The problem is that the countries with the biggest proven reserves are not very friendly. Non OPEC oil production has peaked, I believe, so we're not in a good position. We have to reduce our consumption one way or another. Futhermore, more and more Canadian oil is produced from oil sands. The carbon footprint is huge.

 

3 questions:
Who owns the arctic circle. I assume we do or we will.

Who owns Antarctica?

When will both of these be drillable?

 

more importantly, i've read that only a handful of gasoline stations, dont import oil from the middle east...off the top of my head those are hess, bp, citgo and sunoco...

 

Citgo is Venezuela's. Not much better than ME oil IMO. I'd much rather buy oil from Kuwait than any of the others. They're much more progressive than many of their neighbors.

There are several countries vying for the NP. It all depends on the extend of continental shelves. If there's oil there it's going to be very expensive to produce because it's in a LOT of water. Then it's a matter of how deep the oil is under the ocean floor. At the end of the day it won't matter because it'll be a long time before much oil (if any) is produced from that region. By then it won't offset the declines.

 

Canada imports oil from the ME. I'm not sure they are even a net exporter anymore. It's a shell game to say Canadian oil is OK, but ME oil is not. Also, oil sands production use up so much natural gas to produce the oil, that natural gas is going to peak soon in North America (it is also using up immense amounts of freshwater. Mexico is depleting FAST. Saudi Arabia is trying hard, but only treading water as their mega-field ghawar has peaked.

Yesterday their was an add on Yahoo! Financials touting Shale oil and how YOU can make millions by investing in it!
We're in trouble......

 

First of all, whats so bad about Venezuela? Chavez seems to me that hes a lot more likable than Bush Cheney or the arabs.
I missed the film about the CIA trying to overthrow his government and hoped to watch it on DVD.But after 2 years it has never been released.Strange.
Can anyone tell me whats bad about Chavez without spewing propaganda?
Also there is a huge reserve announced recently in Brazil.

ROME, Nov. 13 (Xinhua) -- Brazil's oil giant Petrobras announced here Tuesday that its recent offshore oil discovery in Brazil contains between 5-8 billion barrels of recoverable oil.
http://news.xinhuanet.com/english/2007-11/...ent_7067372.htm

 

<div class='quotetop'>QUOTE(mojo @ Nov 21 2007, 04:45 PM) [snapback]542576[/snapback]</div>

....more likable than Bush/Cheney....well who isn't?

 

<div class='quotetop'>QUOTE(Codyroo @ 2007 11 21 08:52) [snapback]542441[/snapback]</div>

It's a touque, not to be confused with a toke. :blink:

<div class='quotetop'>QUOTE(burritos @ 2007 11 21 09:44) [snapback]542472[/snapback]</div>

"We", kemosabee? What have you been smoking?

 

<div class='quotetop'>QUOTE(mojo @ Nov 21 2007, 01:45 PM) [snapback]542576[/snapback]</div>

That's not huge. If we could extract it all very quickly it would supply the world with oil for about 3 months. It's a decent sized field. Nothing more. It will be costly to produce because the field is in deep water and below several thousand meters of overlying formation. It's light oil, which is good but I haven't heard any comments about the sulfur content. I'd be surprised if it produces more than about a half million barrels a day. Current global consumption sits in the mid 80's (million barrels) per day.

Chavez has his axe to grind. He's teetering on the edge of dictatorship if I'm not mistaken. I'd rather not send him any money.

<div class='quotetop'>QUOTE(Darwood @ Nov 21 2007, 11:59 AM) [snapback]542537[/snapback]</div>

Those ads have been running for ages.

<div class='quotetop'>QUOTE(burritos @ Nov 21 2007, 10:44 AM) [snapback]542472[/snapback]</div>

I think there is some coal in Antarctica. Don't know about erl. No one owns it. I think that there are international treaties about leaving it the hell alone.

 

Tony, if you changed the pie chart to 'total oil consumption', where would the US fit into the supply? What percentage of US oil consumption is domestically produced vs imported?

[edit]

Ok, adding up the US production Nov '06 to Apr '07 comes to 935,574,000 so that would be 28.11% out of a total of 3,328,709,000 if my math is correct.

Doesn't look good as China ramps up consumption or the others dry up or cut us off.

 

<div class='quotetop'>QUOTE(Stev0 @ Nov 21 2007, 10:29 AM) [snapback]542459[/snapback]</div>

Actually it's the year to date average daily number. Since the OP only listed two months, there are 7 others that have to be averaged in. If you want a more interesting question -- what do you think our imports from IRAQ were in the same two months in 2001? Or for the two months after we invaded -- I looked at the data some time ago and found that small things like going to war with a country don't seem to slow down commerce as much as you would think.

 

<div class='quotetop'>QUOTE(burritos @ Nov 21 2007, 12:44 PM) [snapback]542472[/snapback]</div>

Neither the Arctic Circle nor Antarctica are owned by any nation.

I am not aware of any oil exploration in either place. I imagine the extremes in temperature present a considerable economic barrier to exploration or exploitation of the areas.

 

<div class='quotetop'>QUOTE(Godiva @ Nov 23 2007, 09:26 PM) [snapback]543434[/snapback]</div>

Russia as well as other nations bordering the Arctic are getting ready to explore. Global climate change will soon have the arctic warm enough to drill without worrying about ice.

Putin's Arctic invasion: Russia lays claim to the North Pole - and all its gas, oil, and diamonds


http://www.dailymail.co.uk/pages/live/arti...in_page_id=1811

 

<div class='quotetop'>QUOTE(DonDNH @ Nov 24 2007, 04:36 PM) [snapback]543677[/snapback]</div>

We're jumping in there too.

http://en.wikipedia.org/wiki/Northwest_pas..._waters_dispute

 

<div class='quotetop'>QUOTE(kingofgix @ Nov 21 2007, 09:21 AM) [snapback]542454[/snapback]</div>

those are "daily averages" intended to show the differences in volumes shipped for various time periods.

its plain to see that Mexico has either hit peak oil or has another chief importer (that would be china) actually it is a combination of both