Wednesday, April 23, 2014

Top 10 Oil Producing Countries (including 1 US State that wants to be its own country!) in the World.

Interesting data (Carpe Diem at AEI) I think most Americans are unaware of.   Here is a list of the Top 10 oil producers in the world. I think most people would not put Russia at the top of the list and I don't think most would put the US at number 3.

Notice the insertion of Texas at number 8. If Texas were its own country (that is another subject!) it would rank number 8 in the world in oil output.  Texas alone produces 36% of the USA's oil production (2,826/7,864 X 100).

Even though the US is a dominant producer of crude oil, we still have to import it from foreign sources.

Source: AEI Carpe Diem
Looking at the list, can you guess which country the USA gets a majority of its imported oil?

Click below the fold to find out.

Surprised?  Canada is the primary source and Mexico comes in 3rd.  Our closest neighbors account for 38% of oil imports.

Source EIA

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