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Friday, April 29, 2011

US Oil Dependency 101

In the article HERE, CNN gives a very basic set of bullet points to give a brief understanding of what is going on with the American dependency on oil. Although the list is short, there were a lot of surprising facts on it. One thing I had no clue about was that only Russia and Saudi Arabia pump for oil out of the ground than the US. However, even though we are the third largest oil producers in the world, we still need to import "51-60%" of our oil. And where is the one country we get the most oil from? Is it Iraq? Saudia Arabia? Libya? The answer is no. The largest quantity of foreign oil actually comes from Canada. This is surprising to me since our wars in the Middle East are supposed to be over oil, well then where is it? If we are fighting so hard for it then why is it still Canada that is giving us the most oil? That's a question I cannot answer. The top five countries that we get our oil from Canada, Mexico, Saudi Arabia, Venezuela, and Nigeria, in that order. This article gave a great overview of the dependence on oil in the US.

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