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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (7543)	2/28/2005 10:19:17 AM
From: hank2010	Read Replies (1) \| Respond to of 18308

From US Dept of Energy Energy Information Administration "In 2002, Canada led the world in our sources of imports, at 17%, with Saudi Arabia (13.7%), Mexico (13.5%), and Venezuela (12%) in a virtual three-way tie for second. The year before the percentages were Canada - 15.4%, Saudi Arabia - 14%, Venezuela - 13%, and Mexico - 12.1%. Canada has been the leader since at least 2001. In 2002, US imports from the Persian Gulf region amounted to 19.8 percent of our total imports. The same year, a total of 40% came from OPEC member nations -- which include countries such as Venezuela and Indonesia that are outside the Persian Gulf. NOTE ON IMPORTS FROM IRAQ: US oil imports from Iraq have fluctuated greatly over the past 15 years. In 1990, imports from Iraq accounted for about 6.4% of our imports. From 1991 to 1996, due to sanctions, Iraq provided NO exports to the US. In 1999 (average 6.7%), 2000 (5.4%), 2001 (6.7%), and 2002 (3.9% - yes, less than four percent), amounts varied a lot from month to month. More data at Energy Info. Administration World Consumers and Importers 2003: see EIA for more info. Leading Oil Consumers USA (20 million barrels per day) China (5.6) Japan (5.5) Germany Leading Oil Importers USA (11.1 million b/d) Japan (5.3) Germany (2.5) South Korea (2.2) Leading sources of US imports Canada (17%) Saudi Arabia (14.5%) Mexico (13%) Venezuela (11%) " The story that is being missed, IMO, Ralph is the significance of the Canadian Oil Sands. A few years back, oil reserve figures were revamped and they wrote off the majority of what had previously been considered as oil reserves in Canadian Oil Sands as being uneconomic. Time to re-assess!