Comments on: Top 15 Oil Exporting Nations to U.S. – 2006 http://perotcharts.com/2008/07/top-15-oil-exporting-nations-to-us-%e2%80%93-2006/ Charting Government Fiscal Irresponsibility Sat, 10 Jul 2010 19:55:53 +0000 hourly 1 http://wordpress.org/?v=3.0 By: quietmonkey http://perotcharts.com/2008/07/top-15-oil-exporting-nations-to-us-%e2%80%93-2006/comment-page-1/#comment-776 quietmonkey Sat, 20 Sep 2008 16:45:57 +0000 http://perotcharts.com/?p=137#comment-776 On this chart, between Russia and Ecuador, is a partial listing - Virgin... 0.328. This may be a reference to the Virgin Islands. If it is then it skews the figures. The Hovensa refinery on St. Croix (USVI) is jointly owned by Amerada Hess Corp. and PDVSA, the national oil company of Venezuela. The Hovensa website (www.hess.com/rm/refining.htm) refers to the facility as follows: "HOVENSA, a joint venture between a subsidiary of Hess Corporation and a subsidiary of Petroleos de Venezuela, S.A. (PDVSA) operates a world-class merchant refinery in St Croix, USVI. The facility is one of the most modern refineries in the United States and, with crude oil processing capacity of 495,000 barrels per day (BPD), is one of the largest in the world. The refinery is strategically located to serve gasoline and heating oil markets in both the U.S. Gulf Coast and along the eastern seaboard, providing a ready market for finished products. The refinery is capable of receiving and processing crudes from all over the world, although the majority of crude is supplied from Venezuela." This is Venezuelan crude, close to 100%. If the 0.328 million barrels were added to the 1.419 million barrels listed as Venezuela's exports to the U.S. it would make Venezuela the 2nd largest exporter of oil to the U.S at 1.747 million barrels. Given the current stormy relationship with Venezuela the supply of Venezuelan crude to the Hovensa refinery and the subsequent exports of refined product to the U.S. should be cause for concern. PDVSA seems to be anything but a stable partner. Venezuela's energy minister and head of PDVSA, Rafael Ramírez, gained attention when he told state oil workers to back President Hugo Chávez or leave their jobs. He also said: "PDVSA is red, red from top to bottom (...) - PDVSA es roja, rojita de arriba a abajo (...)" (Red being the color identified with Chávez's political party). The opposition said it is illegal for the government to exhort workers to secure Chávez's re-election in the 3 December 2006 elections. Chávez defended Ramírez arguing that public workers should back up the "revolution". He also said that "PDVSA's workers are with this revolution, and those who aren't should go somewhere else. Go to Miami". Furthermore, Chávez stated that Ramírez should give the same speech to oil workers 100 times a day. Of course Venezuela needs the income from those exports to survive but could they not easily find a willing taker for their crude elsewhere in the world? On this chart, between Russia and Ecuador, is a partial listing – Virgin… 0.328. This may be a reference to the Virgin Islands. If it is then it skews the figures. The Hovensa refinery on St. Croix (USVI) is jointly owned by Amerada Hess Corp. and PDVSA, the national oil company of Venezuela. The Hovensa website (www.hess.com/rm/refining.htm) refers to the facility as follows: “HOVENSA, a joint venture between a subsidiary of Hess Corporation and a subsidiary of Petroleos de Venezuela, S.A. (PDVSA) operates a world-class merchant refinery in St Croix, USVI. The facility is one of the most modern refineries in the United States and, with crude oil processing capacity of 495,000 barrels per day (BPD), is one of the largest in the world.
The refinery is strategically located to serve gasoline and heating oil markets in both the U.S. Gulf Coast and along the eastern seaboard, providing a ready market for finished products. The refinery is capable of receiving and processing crudes from all over the world, although the majority of crude is supplied from Venezuela.”

This is Venezuelan crude, close to 100%. If the 0.328 million barrels were added to the 1.419 million barrels listed as Venezuela’s exports to the U.S. it would make Venezuela the 2nd largest exporter of oil to the U.S at 1.747 million barrels. Given the current stormy relationship with Venezuela the supply of Venezuelan crude to the Hovensa refinery and the subsequent exports of refined product to the U.S. should be cause for concern. PDVSA seems to be anything but a stable partner. Venezuela’s energy minister and head of PDVSA, Rafael Ramírez, gained attention when he told state oil workers to back President Hugo Chávez or leave their jobs. He also said: “PDVSA is red, red from top to bottom (…) – PDVSA es roja, rojita de arriba a abajo (…)” (Red being the color identified with Chávez’s political party). The opposition said it is illegal for the government to exhort workers to secure Chávez’s re-election in the 3 December 2006 elections. Chávez defended Ramírez arguing that public workers should back up the “revolution”. He also said that “PDVSA’s workers are with this revolution, and those who aren’t should go somewhere else. Go to Miami”. Furthermore, Chávez stated that Ramírez should give the same speech to oil workers 100 times a day. Of course Venezuela needs the income from those exports to survive but could they not easily find a willing taker for their crude elsewhere in the world?

]]> By: Bruce Barnes http://perotcharts.com/2008/07/top-15-oil-exporting-nations-to-us-%e2%80%93-2006/comment-page-1/#comment-708 Bruce Barnes Tue, 12 Aug 2008 03:32:14 +0000 http://perotcharts.com/?p=137#comment-708 Ross Perot told Rita Cosby that the USA is dependant on the Middle East for oil and we are sending our oil dollars to them. This is true but it implies that we are spending most of our money there instead of only 14 percent. We depend more on China. China has purchased the USA’s ability to manufacture magnets that our smart bombs depend on for gyroscopes and they also control many other manufactured parts. Shouldn’t we stop selling America to the highest bidder? In 2006, the USA imported 13.707 million barrels of oil per day or $700 billion per year at $140 per barrel. Of that amount Canada got $120.2 billion; Mexico got $87.1 billion; Saudi Arabia got $74.8 billion; Iraq got $28.3 billion; United Arab Emirates got $13.9 billion and Kuwait got $9.5 billion. This means the middle east countries get $98.2 billion out of $700 billion or 14.1 percent of our oil dollars. In 2004, the USA imported $196.7 billion of goods from China. Ross Perot told Rita Cosby that the USA is dependant on the Middle East for oil and we are sending our oil dollars to them. This is true but it implies that we are spending most of our money there instead of only 14 percent. We depend more on China. China has purchased the USA’s ability to manufacture magnets that our smart bombs depend on for gyroscopes and they also control many other manufactured parts. Shouldn’t we stop selling America to the highest bidder?

In 2006, the USA imported 13.707 million barrels of oil per day or $700 billion per year at $140 per barrel. Of that amount Canada got $120.2 billion; Mexico got $87.1 billion; Saudi Arabia got $74.8 billion; Iraq got $28.3 billion; United Arab Emirates got $13.9 billion and Kuwait got $9.5 billion. This means the middle east countries get $98.2 billion out of $700 billion or 14.1 percent of our oil dollars.

In 2004, the USA imported $196.7 billion of goods from China.

]]>