The Mudcat Café TM
Thread #142408 Message #3282374
Posted By: artbrooks
31-Dec-11 - 09:01 AM
Thread Name: BS: US to join OPEC?????
Subject: RE: BS: US to join OPEC?????
The article refers to exports of refined petroleum products, of course; we still import (in terms of $ value) three times more crude than that.
But just to put it all in perspective, the US produces domestically about 1/3 of the oil it consumes - unlike, say, Japan or Germany, which produce zero. The largest importers are Canada and Mexico, and relatively little comes from Muslim nations...about 14% came from the Persian Gulf region in 2010. Less than half comes from OPEC.