Here’s where US oil and gas supplies come from | WJHL
(The Hill) – Russia is one of dozens of countries that supply oil and natural gas to the United States, giving the United States some flexibility to ban exports from the country following its invasion of Russia. ‘Ukraine.
President Joe Biden announced Tuesday morning that the United States “bans all Russian oil, gas and energy imports,” while the House plans to vote on a Russian fuel ban later in the day.
Last year, Russia accounted for about 3% of US crude oil imports and about 1% of overall US supply.
About 35% of US supply comes from international partners, compared to about 65% produced domestically.
With 72 million barrels of oil shipped to the United States last year, Russia was the fourth largest exporter to the United States, after Canada (around 1.4 billion barrels); Mexico (212 million barrels) and Saudi Arabia (130 million barrels).
But the energy supply of the United States is very diversified and many other countries have followed Russia: Colombia (65 million barrels); Ecuador (54 million); Iraq (55 million); Brazil (37 million); Nigeria (39 million); Libya (32 million); Guyana (27 million); and the United Kingdom (14 million).
US imports of Russian oil have increased in recent years, but have fallen since last summer. Energy imports from Russia have steadily increased from 14 million barrels per year to 72 million between 2016 and 2021, with a temporary drop in 2020.
However, Russian crude oil imports declined throughout the second half of 2021. After peaking at 9.6 million barrels in August (5% of total US imports), imports fell steadily to 3 million barrels in December (1.5% of total imports) .
That is, in December 2021 – when total imports reached about 55% of the level of US domestic production – Americans imported about 0.7% crude oil from Russia than they produced themselves.
In 2021, the United States also imported just under 40 million barrels per year of finished motor gasoline (used to drive cars) and 104 million barrels of fuel oil distillate (used to heat homes).
At around 5 million barrels in 2021, Russian gasoline accounted for around 13% of US imports, making it the third largest contributor after Canada (6.7 million) and the Netherlands (5.8 million). Then comes South Korea (4.6 million barrels). ; Turkey (2.8 million barrels); Italy (2.8 million barrels); India (1.5 million barrels); Saudi Arabia (1.2 million barrels); and the United Kingdom (1 million barrels).
However, this all represents a barrel drop next to US domestic gasoline production, which was around 525 million barrels in 2020. This makes total foreign imports around 7.5% of the total and imports Russians just under 1%.
Finally, when it comes to heating oil, Russia is the second largest supplier to the United States, but it is a very distant second in a very congested field. In 2021, first Canada (46 million barrels); then Russia (8.5 million barrels); the Netherlands (6.5 million barrels); Colombia (6.2 million barrels); Saudi Arabia (5.1 million barrels); India (5.4 million barrels); Belgium (4.9 million barrels); Qatar (4.2 million barrels); South Korea (3.6 million barrels) and Nigeria (3.1 million barrels).