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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (64979)6/13/2005 5:40:05 PM
From: Raymond Duray  Read Replies (2) of 74559
 
EP,

Thanks for the map. It really does put things in perspective.

There was a questionable statistic in the text. The article stated that the U.S. currently imports 53% of its oil. I believe that to be in error, if one includes product as well as crude oil in the calculation. As of late 2004, T. Boone Pickens quoted a figure of 62% of U.S. petroleum products currently being imported. I believe Pickens is closer to reality than the SP Times reporter.
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