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Published byBruno Cook Modified over 9 years ago
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Official Department of Energy (DOE) Briefing Energy Information Agency (EIA)
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-U.S. consumes about 20 million barrels of oil per day, more than any other country in the world. -The U.S. only possesses about 21 billion barrels of oil reserves (or about 1.8% of the global reserves of oil). Therefore, the United States must import most of its oil from a few major oil exporters such as Saudi Arabia, Venezuela, Nigeria, and Iraq to name a few. -The Middle East possesses about 60% of the world’s remaining oil resources.
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Water Transport: -Total oil supplies travelling the seas is about 43 million barrels a day.
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– Located between the Malaysia and Indonesia near Singapore – Closes to about 1.5 miles at Philips Channel in the Singapore Straits portion of the waterway. – Roughly 12 million barrels of oil are transported through it daily (making it the second busiest oil “chokepoint”) – If it were blocked or closed, ships would have to travel another several hundred miles South to reach their destinations in Asia.
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According to the Energy Information Administration (EIA), the Straits of Malacca are one of only a few “chokepoints” for the maritime transport of oil resources around the globe. It is estimated that about 11.7 million barrels of oil are transported daily through the strait. The EIA defines "Chokepoints" as critically important to world oil trade because so much oil passes through them, yet they are narrow and theoretically could be blocked -- at least temporarily. In addition, "chokepoints" are susceptible to pirate attacks and shipping accidents in their narrow channels.
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– Located at the mouth of the Persian Gulf (the connector between the Gulf and the Indian Ocean) – Closes to about 29 miles at its most narrow point, although oil tankers are limited by the shallow depth of the water in the Straits. – Borders Iran, United Arab Emirates, and Oman – About 17 million barrels of oil are transported through it daily (making it the busiest oil “chokepoint”) – Only method to move oil supplies from the Middle East to the open seas without using oil pipelines.
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Bosphorus Straits – Located between the Black Sea and the Mediterranean Sea—connects Istanbul, Turkey with Russia and the open sea. – Less than a mile wide at several points (extremely narrow) – Has shown historical importance for both Russian and Ottoman/Turkish empires (remains today) – Other than through pipelines, is the primary transit point for Russian oil supplies to the rest of the world.
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Suez Canal – Located between the Gaza Strip and mainland Egypt (separates the African continent from the Middle East) – Extremely narrow (it is single-lane travel, with 4-passing areas along its path) – Allows ships to move from the Mediterranean Sea and the Indian Ocean without travelling around the African continent. Panama Canal – Located in the middle of Panama, which separates South America from Central America. – Extremely narrow (it is single-lane travel, with several locks to raise/lower ships to sea level) – Allows ships to move from the Atlantic Ocean to the Pacific Ocean without travelling around the South American continent.
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– Located at the mouth of the Red Sea, separating the Indian Ocean and the Mediterranean via the Suez Canal. – Borders Yemen, Djibouti, and Eritrea – About 3.3 million barrels of oil travel through daily – About 2.2 miles wide at its most narrow point called Alexander’s Strait.
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Bab-el- Mandeb
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