Friday , 20 October 2017


This Map Shows Where Each US Region Gets Its Oil Imports

 

The United States imported about 40 percent of its oil in 2012. So where are we getting it from? It depends a lot on where you live. [This article presents a map showing U.S. crude oil imports by country of origin for 2012 with commentary on regional particulars.]

So writes Brad Plumer of The Washington Post (Wonk Blog) in edited excerpts from his original article* entitled Where the U.S. imports its oil, in one map.

This article is presented compliments of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Plumer goes on to say in further edited excerpts:

Over at Business Insider, Rob Wile digs up this fascinating map from RBC Capital Markets:

oil imports by region

[Ian R. Campbell comments on this article in a post on his subscription site  entitled United States:  Oil Imports Summary that “The article does not summarize the sources of that U.S. imported oil.  I have calculated that from the map data, and have summarized it in the following table:]

 

For refineries on the East Coast, the majority of their imported oil comes from Africa, mainly Nigeria and Angola. By contrast, refineries in the Midwest get virtually all of their imported oil via pipeline from Canada.

Also note that relatively little of America’s imported crude comes from the Middle East, with the bulk of that (about 1.1 million barrels per day) getting shipped in through ports to refineries in the South, with much of the resulting gasoline and diesel getting shipped up to the Midwest. (For more detail on the different districts and how they exchange fuel, see here.)

Now what will happen in the years ahead, as the United States ramps up its domestic oil production, thanks to new drilling in places like North Dakota and Texas? Remember, the Energy Information Administration now expects U.S. oil imports to shrink from 8.3 million barrels per day down to 6 million barrels per day by the start of 2014.

That’s where things get tricky. The United States won’t simply be able to keep buying from the countries we like and shut off imports from countries we don’t like. As a recent investigation from Bloomberg’s Matthew Philips detailed, the changes will be a lot messier than that.

Over the past few years, U.S. refineries in the Midwest and elsewhere have spent billions upgrading their facilities in order to be able to process heavy, sour crude—the stuff that comes from the tar [oil] sands [Read: The Oil Sands are NOT the “Tar” Sands and 9 More Interesting Facts] of Canada, or from Venezuela and Mexico. In order to recoup their investment, those refineries are likely to continue importing heavy oil from those three countries in the years ahead.

By contrast, the light, sweet crude that’s now pouring out of shale formations in North Dakota and Texas will mainly displace oil from Africa:

Since July 2010, the U.S. has cut its Nigerian imports by half, from more than 1 million barrels a day, to 543,000 as of October 2012, the most recent data available through the EIA. Imports from Angola have dipped below 200,000 daily barrels, from an average of 513,000 in 2008.

“By the second quarter of this year, we will stop importing West African light, sweet crude into the Gulf,” Morse predicts. Those barrels will have to find another home, more than likely India, China, Europe, and Korea.

The picture will get even more complicated if the U.S. government decides to approve the now-famous Keystone XL pipeline [above], which would pump crude from the tar [oil] sands in Canada down to refineries in Texas. By 2015, that pipeline would put 1.5 million barrels per day of heavy Canadian crude in competition with Mexican and Venezuelan imports but the pipeline is still very much up in the air. Environmental groups have recently ramped up their campaign against Keystone—with two big reports arguing that an expansion of Alberta’s tar [oil] sands would only make our climate-change problems worse, as this type of oil tends to emit considerably more carbon-dioxide when it’s produced.

Either way, the map up top is likely to look quite different at this time next year.

Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

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