Thursday, June 5, 2008

Global Oil Flows

The Financial Times has a nifty flash presentation on global oil here (you can register for free).

One of the neat features is that it shows rough global oil flows. A bit of quick addition shows the following:
  • U.S. oil from Middle East--2.276 million barrels per day (bpd)
  • U.S. oil from elsewhere--9.748 million bpd
  • Rest of the world's oil from Middle East--10.796 million bpd

This begs the question of how "strategic" U.S. interest is in the Middle East actually is, especially in comparison to the "strategic interest" of the rest of the world.

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