Friday, January 27, 2012

Foreign Oil

Saw this on WonkBlog the other day and was surprised. According to the EIA, over the past few years we've been producing more of our own oil and importing less:



..doesn't really square up with the criticisms you hear from the GOP about Obama blocking our domestic oil production.

It's also interesting to see where we do get our imported oil from. He's the top countries, listed by thousands of barrels imported per day in 2011 (again from the EIA):

CANADA2,157
SAUDI ARABIA1,180
MEXICO1,113
VENEZUELA893
NIGERIA826
COLOMBIA364
IRAQ473
ECUADOR203
ANGOLA323
RUSSIA246

The way you see this talked about on TV, it's easy to imagine that every dollar we spend on oil goes to Iran. I'm not at all saying our foreign oil dependence (or just plain oil dependence) isn't a problem, it's just not quite the problem we can sometimes think.

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