Reply #16: Oil exports from Venezuela and imports to U.S. [View All]

[daleo]

I don't know if there really was a big drop-off from 2000 to 2002 - these are two different sources, but it gives a feel for how important exports to the U.S. are for Venezuela and how important imports from there are to the U.S.

This trade is big for both countries. I think if Chavez actually did this - well, Bush has gone to war on flimsier pretexts. He would do it under the banner of free trade and helping Venezuela's poor. The propaganda push would be huge beforehand. However, U.S. forces are pretty strained already.

million barrels per day

1996 1997 1998 1999 2000

Venezuelan Oil
Exports to the
United States 1.68 1.77 1.72 1.49 1.55

Total Venezuelan
Oil Production * 3.11 3.44 3.33 3.01 3.14
http://www.findarticles.com/cf_dls/m0EPF/18_102/97297039/p1/article.jhtml

Imports of Crude Oil into the United States
by Country of Origin, 2002 (thousand barrels per day)

1 Saudi Arabia 1,519
2 Mexico 1,500
3 Canada 1,445
4 Venezuela 1,201
5 Nigeria 589

Total 9140
http://www.eia.doe.gov/neic/rankings/crudebycountry.htm