So Much For Obama's Energy Independence Claims

Discussion in 'Politics & Religion' started by pspr, Feb 26, 2013.

  1. pspr

    pspr

    BarackObama.com: "President Obama has a real strategy to take control of our energy future and finally reduce our dependence on foreign oil—an all-of-the-above approach to developing all our energy resources. "

    But:
    The US was more reliant on the Middle East for its oil imports last year, underscoring the critical importance of the politically unstable region for the country despite the growing energy independence its shale gas revolution is bringing.

    Washington will confirm later this week that oil imports from the Gulf region continued to rise.

    By the end of November the US had already imported more than 450m barrels of crude from Saudi Arabia, more than it imported from Riyadh in the whole of 2009, 2010 or 2011, according to figures from the US energy department. For the first time since 2003, Saudi imports accounted for more than 15 per cent of total US oil imports. The Gulf as a whole accounted for more than 25 per cent, a nine-year high.

    Other Gulf exporters are also seeing unusually strong US demand. By the end of November, Kuwait had shipped more oil to the US than in any year since 1998. Analysts are expecting annual figures to be released later this week to confirm the trend seen up to November.


    http://www.ft.com/cms/s/0/d792c648-7f46-11e2-89ed-00144feabdc0.html