US Dependence on Middle Eastern Oil Grows

photo credit: jonrawlinsonThe 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.

That domestic production boom has triggered intense debate over whether the US would still guard the world’s critical sea lanes, such as the Strait of Hormuz in two decades’ time – or whether China, whose dependence on Middle Eastern crude imports is rapidly rising, would replace it.

However, recent oil import trends from the Gulf region suggest why the US might continue to play a critical security role in the region. While domestic production increased the most in 150 years last year, 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.

Read more from this story HERE.

  • Venture Guy

    Joe I suggest you go look at the EIA net exports of petroleum. Or Gas use…which is at 1980 levels. This is pure and simple wall street, due to unlimited money printing by the FED which gives the wealthy heaps of money which they turn around and buy whatever you need. Corn and wheat are next. Remember the stupid FED doesn’t count food and fuel as inflation. Use of oil in the USA is plummeting! But INFLATION is driving up the cost.

  • mrbp

    Also remember that jimmie carter created the “Dept. of Energy” in order to cut down on the import of middle east oil.

  • Obama doesn’t want the US to be free of our dependency on middle east oil. It makes us weaker in our actions against his Arab brothers.

  • And Obama is still not approving off-shore exploration, counter to Federal court orders, which he of course ignores, just like he ignores the Constitutional requirement to faithfully execute the laws. He is trying his most earnest to bring down the US to third-world status economically.

  • C-CS

    we have plenty of oil on our own soil and off-shore–
    this is a planned exploitation of the US citizen and the USA as a whole–and it has been going for a very long time–
    the upper-ups (Powers the Be) have $$$$ in the mid-east!

    • CSN

      You’re Right on Target in this assessment! Wish others knew this! We’ve got too much corruption in D.C. I’d hope it would disappear off the face of the earth to save our Republic.

      • C-CS

        thank you –
        I keep ‘hoping’ for a ‘change’–do not see one coming–
        The word traitors comes to mind –

  • CSN

    Who do you think holds the purse strings in these matters….OPEC and Federal Reserve Bankrupters have a very close affinity.

  • Capt.America