SUMMARY
INTRODUCTION

ENERGY MYTHS

ENVIRONMENTAL MYTHS

OPEN QUESTIONS AND OVERLOOKED REALITIES

POLICY IMPLICATIONS
APPENDIX


 

 

 

 

ENERGY MYTHS

MYTH 2: SAUDI ARABIA PROVIDES THE MOST OIL TO AMERICA

The largest percentage of respondents believes that we are overly reliant on Middle Eastern oil, particularly from Saudi Arabia.

The reality, however, is far different. Though we are accustomed to believing that American energy security rests in the hands of Saudi sheikhs, in fact Canada is America’s chief foreign supplier of crude oil and petroleum products, supplying the U.S. with more than 2.18 million barrels daily. Mexico is next on the list, providing more than 1.66 million barrels of oil daily. Saudi Arabia, with daily imports to the U.S. in the range of 1.5 million barrels, ranks third, followed by Venezuela, with nearly the same amount (see Table 2).

All told, less than 20 percent of U.S. petroleum imports come from the Persian Gulf, and just 11 percent of the total amount of petroleum Americans consume. Canada and Mexico, on the other hand, provide 28 percent of our imports and almost 19 percent of our total oil consumption. If the United States can be said to be beholden to any region for its oil supplies, it would not be the Middle East but the Western Hemisphere. Fully two-thirds of the crude oil and petroleum products that the United States uses come from the Americas.

 

ENERGY AND THE ENVIRONMENT: MYTHS AND FACTS

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Press Release

MEDIA INQUIRIES:

Clarice Smith
Deputy Director,
Communications
Manhattan Institute
(212) 599-7000

 

 


Copyright The Manhattan Institute 2007