Here’s where US’ imported oil comes from Venezuela Currently Fourth-Largest Exporter

Economy 10:03 18.02.2019

At the present time, the latest month for which the U.S. Department of Energy publishes the number of barrels per day (bpd) of oil that’s exported to the U.S. is November 2018. Here are the rankings:

  • 1. Canada 142,206 bpd
  • 2. Saudi Arabia 30,028
  • 3. Mexico 18,020
  • 4. Venezuela 16,889
  • 5. Iraq 11,767 
  • 6. Colombia 7,769
  • 7. Russia 7,611
  • 8. Ecuador 5,866
  • 9. Nigeria 5,392
  • 10. Algeria 4,848
  • 11. UK 4,653
  • 12. Norway 4,073
  • 13. Kuwait 3,027
  • 14. Brazil 2,777
  • 15. Belgium 2,075
  • 16. S. Korea 1,927
  • 17. Netherlands 1,462
  • 18. Egypt 1,405
  • 19. UAE 1,771
  • 20. China 1.268
  • 21. France 1,239
  • 22. Singapore 1,232
  • 23. Indonesia 1,204
  • 24. Argentina 1,101
  • 25. Peru 1,061
  • 26. Denmark 1,000
  • 27. Brunei 961
  • 28. Spain 846 
  • 29. Angola 833
  •  

Here were the top 10 for the entire year of 2015 as reported by Bloomberg Finance at Forbes. For comparison to today, the country’s sales and rank in November 2018 is also indicated [between brackets]”

  • 1. Canada 3.2 million bpd   [1. Canada 142,206]
  • 2. Saudi Arabia 1,1  [2. Saudi Arabia 30,028]
  • 3. Venezuela 780,000 bpd  [4. Venezuela 16,889]
  • 4. Mexico 690,000  [3. Mexico 18,020]
  • 5. Colombia 370,000  [6. Colombia 7,769]
  • 6. Iraq 230,000  [5. Iraq 11,767]
  • 7. Ecuador 225,000  [8. Ecuador 5,866]
  • 8. Kuwait 210,000  [13. Kuwait 3,027]
  • 9. Brazil 190,000  [14. Brazil 2,777]
  • 10. Angola 190,000  [29. Angola, 833]

Clearly, the figures change over time. Whereas Angola was #10 in 2015, it’s #29 now; and whereas Russia, Nigeria, and Algeria, weren’t in the top 10 in 2015, they now are.

U.S. President Donald Trump is bringing down the latest Venezuelan monthly number from 16,889 to close to zero. On 25 August 2017, Reuters headlined two stories, “Trump slaps sanctions on Venezuela; Maduro sees effort to force default” and “Venezuela says U.S. sanctions designed to push Venezuela to default”. The first of those reported that, “U.S. President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company on Friday in an effort to halt financing that the White House said fuels President Nicolas Maduro’s ‘dictatorship’.” The second reported that Venezuela’s Government daid that Trump’s action “essentially forces the closure of its U.S. refining unit Citgo,” which means bringing an end to Venezuela’s oil exports to the U.S.

Venezuela’s socialized oil company, PDVSA, of which Citgo is the U.S. distributor, had never prepared for the measures that Trump is now imposing, and Reuters’s report said, “As a result, it will be it tricky for PDVSA to refinance its heavy debt burden.”

The Reuters report continued: “Maduro may no longer take advantage of the American financial system to facilitate the wholesale looting of the Venezuelan economy at the expense of the Venezuelan people,” U.S. Treasury Secretary Steven Mnuchin said on Friday. PDVSA, the financial engine of Maduro’s government, is already struggling due to low global oil prices, mismanagement, allegations of corruption and a brain drain.

However, the likely failure of Venzuela’s oil company is due not only to the lowered price of oil, but to the fact that Venezuela’s oil is among the two costliest in the world to produce, because it’s from the dirtiest source, tar sands, much like Canada’s oil is. The difference between Canada and Venezuela is twofold: first, that whereas Canada is a vassal-state of the U.S. empire and so its aristocracy is allied with America’s aristocracy (which controls America’s Government), Venezuela isn’t. And, second, that whereas Venezuela has a monoeconomy that’s based on oil (which accounts for around 95% of Venezuela’s exports), Canada does not. 
Saudi Arabia used to be the top foreign source of oil imported into the U.S., but now it’s only a very weak second-place to Canada in this, exporting only 21% as much oil to the U.S. as does Canada. This is a huge decline for the Sauds.

Whereas Saudi oil is the world’s most “light” or cleanest and least-costly to produce and therefore has the lowest “carbon footprint” of any oil, Canada and Venezuela have the most “heavy” or dirtiest and most-costly to produce and therefore have the highest “carbon footprint” of all the world’s oils.

(NOTE: There are many different ranking-systems for the ‘average’ cost per barrel of oil produced, such as thisand this and these, but all tend to vastly underestimate in order to continue the case for fossil fuels. The BBC once noted that its calculation-system “only covers the cost of production, not the cost of exploration and development.” And it also ignored the cost of transit. It also ignored environmental costs. It also ignored the costs to taxpayers for the many subsidies they pay in order for the fossil-fuels investors to continue investing in those companies.

The environmental site “The Energy Mix” headlined in April 2018, “Ditched Bitumen Desperately Seeks True Commitment” and reported that fewer and fewer investors were continuing to trust the industry’s reported numbers regarding the costs of tar-sands oils. Also, on 11 February 2019, they headlined “Trans Mountain’s Fee Plan for Fossil Customers Represents $2-Billion Taxpayer Subsidy”. But, mostly, the heavy taxpayer subsidizations to the fossil-fuels industries are ignored, both by consumers and by investors. Realistically, the tar-sands oils in both Canada and Venezuela are costing far more than any per-barrel oil price that’s below $100. They are money-losers, but bring lots of money to the ‘right’ people.)

So: the U.S. is replacing the world’s cleanest oil with the world’s filthiest oil, and that’s not only from Canada but also from Venezuela. However, because the U.S. aristocracy want to take over Venezuela, the U.S. Government now is set to zero-out oil imports from Venezuela, so as to increase the pressure on Venezuela’s Government to place in charge there a leader who will do America’s bidding.

Canada has been working right alongside the U.S. to achieve that objective, and will probably be supplying to the U.S. much (if not all) of the 16,889 bpd oil that currently has been supplied by the other producer of very dirty oil: Venezuela. The U.S. produces fracked oil, which is dirty but not as dirty as that from Canada and Venezuela.

The U.S., Canada, and Venezuela, have been committed to ignoring the global warming problem. To the extent that the problem becomes globally recognized, the oil-production in all three of those countries will decline in its marketable price even more than will the oil-production in other countries (especially than Saudi Arabia’s oil-production, since that’s the cleanest); and, so, the profits from those dirty oils will quickly (especially for Canada and Venezuela, where it has already happened) turn into losses. All three governments — Venezuela, Canada, and U.S. — are trying to postpone that, till as late a time as possible. 

 

Diaspora activists voiced their solidarity with Azerbaijan - VİDEO

News line

Erdogan: ‘All our efforts aimed at ensuring peace and stability in region’
Erdogan: ‘All our efforts aimed at ensuring peace and stability in region’
20:20 26.04.2024
Hamas’s win may lead to 9/11-like attacks, Israeli minister warns
19:45 26.04.2024
President Ilham Aliyev expresses his gratitude for Germany's support regarding COP29 in Azerbaijan
18:53 26.04.2024
Scholz: Chances for peace between Azerbaijan and Armenia as high as never before
18:39 26.04.2024
Lawyer: Armenia's ethnic cleansing is not an act, but a strategy
18:19 26.04.2024
New Haiti government sworn in during secret ceremony
New Haiti government sworn in during secret ceremony
18:00 26.04.2024
China has launched a space mission for "cutting edge technology" experiments
17:44 26.04.2024
The EU intends to sanction Azerbaijan just for this reason - Oleg Kuznetsov talks on Ednews
17:30 26.04.2024
Diaspora activists voiced their solidarity with Azerbaijan - VİDEO
Diaspora activists voiced their solidarity with Azerbaijan - VİDEO
17:20 26.04.2024
President Ilham Aliyev holds meeting with Foreign Minister of Germany in Berlin
17:11 26.04.2024
President Ilham Aliyev: Azerbaijan will continue to be an important partner for Europe for many years to come
17:01 26.04.2024
President Ilham Aliyev: COP29 will not be an arena of confrontation
16:49 26.04.2024
Norway provides Ukraine with military assistance worth 850M euros
Norway provides Ukraine with military assistance worth 850M euros
16:33 26.04.2024
US Deputy Special Presidential Envoy for Climate Discusses Expectations for COP29 and Cooperation with Azerbaijan - INTERVIEW
16:22 26.04.2024
Working Group Evaluates Demining Efforts in Aghdam - PHOTOS
16:00 26.04.2024
President Ilham Aliyev: We highly value ongoing peace negotiations between Azerbaijan and Armenia
15:29 26.04.2024
President Ilham Aliyev and Chancellor Scholz making press statements - VİDEO
15:12 26.04.2024
Ambassador: Honest Baku-Yerevan negotiations may lead to positive results
14:58 26.04.2024
Armenia forced millions of people to leave their homes - Lawyer Talmon
14:51 26.04.2024
President Ilham Aliyev’s expanded meeting with Olaf Scholz commences in Berlin
14:17 26.04.2024
President Ilham Aliyev holds one-on-one meeting with Chancellor of Germany Olaf Scholz
14:00 26.04.2024
Azerbaijani President: ‘Our green agenda started to materialize prior to being awarded COP29’
13:42 26.04.2024
Germany's Scholz says new approach to combating climate change needed
13:29 26.04.2024
"Are NATO Forces Planning an Attack on Russia?" - Insightful Commentary from British Politician
13:14 26.04.2024
Tensions Rise as Chad Considers Expelling US Forces: US influence in Africa tumbles
Tensions Rise as Chad Considers Expelling US Forces: US influence in Africa tumbles
13:00 26.04.2024
President Ilham Aliyev: As the host country of COP29, Azerbaijan is in active phase of preparation
12:45 26.04.2024
Ilham Aliyev participates in High Level Segment of 15th Petersberg Climate Dialogue in Berlin - VİDEO
12:32 26.04.2024
Details of the expected peace agreement are explained by a political scientist
12:20 26.04.2024
The anniversary of the so-called "Armenian genocide" was held in Iran - PHOTOS
12:09 26.04.2024
Blinken expected in Israel on Tuesday to discuss Rafah operation, hostage deal - Media
Blinken expected in Israel on Tuesday to discuss Rafah operation, hostage deal - Media
11:54 26.04.2024
COP29 delegation meets Spanish minister for ecological transition
11:53 26.04.2024
Russian-Turkish Monitoring Centre in Azerbaijan's Aghdam ceased its activity - VİDEO
11:40 26.04.2024
ISW: If Russia captures Chasov Yar, this will open the way for it to the “defense belt”
11:22 26.04.2024
Chinese FM warns about possible risk of further expansion of Ukraine war
10:50 26.04.2024
Zelensky: 'NATO countries are afraid of Russia'
10:38 26.04.2024
Azerbaijani police discovered explosive devices in Khojavand
10:23 26.04.2024
Greece refuses to provide Ukraine with Patriot systems
10:12 26.04.2024
Price of Azerbaijan oil drops
Price of Azerbaijan oil drops
10:00 26.04.2024
Azerbaijani minister mulls preparations for COP29 with Annalena Baerbock
09:50 26.04.2024
US expands its sanctions list on Iran
US expands its sanctions list on Iran
09:38 26.04.2024
Hamısı