gasoline
#12
Interesting topic, one I have been pretty ignorant about. I did a little research and came up with an article from the Dept of Energy with the following stats, as of 2000/2001: Total US imports are 58% of usage; >1/3 of US use comes from combo of Canada, Mexico, Venesuela - total 24% - and the Persian Gulf -12.4%. Our oil production is expected to remain about the same for the next 2 decades, but consumption is expected to increase by 35%. Persian Gulf supplies 45% of worldwide usage. Iraq has the 2nd highest reserves in the world, following Saudi Arabia. This explains why we and the rest of the European Union (and world) are so interested in Iraq. 2/5 of the world's excess produce is in Saudi. West Africa and Columbia, of all places, are expected to increase their exporting to the US in the near future.
There's a lot going to happen in the next few years, that's for sure.
There's a lot going to happen in the next few years, that's for sure.