Most of the Oil Imported into the US Comes From Where?

This post has nothing directly connected with biopharma but I saw some information while doing some research today and thought I would pass it along.

According to the  U.S. Energy Information Agency, Canada is the source for the majority of oil imported into the US. I would have guessed it was an OPEC nation.

The percent of oil imported by country in 2012 into the US:

graph of oil imports by country

The other bit of information I thought interesting (or surprising at least) was that the amount of oil imported has been decreasing in the past few years. This is apparently due to an increase in domestic production and reduction in consumption.

Chart of US Oil Consumption, Billions of Barrels

A well written paper on the subject of US oil importation and oil pricing from The Economist summarizes the issues well:
“…since oil prices are set on world markets, the US will remain exposed to international developments. Given the Middle East’s pivotal role in energy markets, the US will not wind down its strategic role in the region. Although US dependence on overseas oil supplies has diminished, it has not disappeared.”

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