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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (103802)	11/28/2013 8:15:11 AM
From: Snowshoe	1 Recommendation Recommended By dvdw© Read Replies (3) \| Respond to of 218135

Analysis: Latin America grows increasingly hooked on U.S. fuel imports reuters.com By Marianna Parraga HOUSTON Sun Nov 17, 2013 8:33am EST (Reuters) - Despite its own vast oil reserves, Latin America has doubled its reliance on the United States for fuels like diesel and gasoline over the last five years to keep its economies humming - and the dependence is growing. The culprit is an outdated refining network that has not been upgraded to add capacity as growth has surged across much of the region. Though Latin American leaders spent much of the last decade opening markets in Asia and in some cases distancing themselves from Washington, the rising fuel imports show they still must tap the United States for crucial supplies. Latin America's dependence on the United States for refined fuels is growing at the same time that U.S. reliance on foreign oil falls thanks to an unprecedented boom in domestic production and falling fuel demand. While Latin American countries have planned to build some new refineries, they are a long way from coming to fruition. The 12 Latin American countries that are the biggest importers of U.S. fuels have bought an average of 1.36 million barrels per day in 2013, twice as much as 657,000 bpd in 2008, according to the Energy Information Administration (EIA).