
There is no question that the US has remained an energy giant in production terms throughout its history, but its role as a giant energy consumer has outpaced even the capacity of its prodigious resource base to serve industry and consumer demand.
Roughly 14% of US crude oil comes from Saudi Arabia with substantial amounts also coming from Venezuela, Nigeria and Mexico – the largest single importer is Canada, which provides the US with close to a third of its crude oil supply.
Crude oil production is essential to the energy chain, but it doesn’t by itself do much. Oil needs to be refined and turned into a variety of products, and it is here that the US continues to punch above where its weight as a producer alone might imply. To find out more, check out the infographic that can be viewed with this post, and read more about refinery economics on Breaking Energy here.
Jared Anderson
Conway Irwin
Peter Gardett