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Trends in the top five crude oil-importing countries, 1960–2012. This is a list of countries by oil imports based on The World Factbook and other sources. [1] Many countries also export oil, and some export more oil than they import.
In 2010 Glen Perry, a petroleum engineer for Adira Energy, warned that including the Alberta Clipper pipeline owned by TransCanada's competitor Enbridge, there is an extensive overcapacity of oil pipelines from Canada. [170] After completion of the Keystone XL line, oil pipelines to the U.S. may run nearly half-empty.
Cantarell Field is the largest oil field in Mexico and one of the largest in the world producing. As of Jan 2001, Mexico has approximately 10.42 billion barrels (1.657 × 10 ^ 9 m 3) in proven oil reserves. [49] In November 2006, Pemex reported that Cantarell has produced 11.492 billion barrels (1.8271 × 10 ^ 9 m 3) of oil. [50]
Trump in November threatened to impose a blanket 25% tariff on all products from Canada and Mexico unless the two countries take action to curb the flow of drugs and unauthorized migrants to the U.S.
In 2004, approximately 4.1 billion barrels (650,000,000 m 3) of oil was held in strategic reserves by International Energy Agency member states, of which 1.4 billion is government-controlled and the remainder held by private industry. [1]
In fiscal 2024, 99% of Texas oil and natural gas royalties were deposited into the Permanent School Fund and the Permanent University Fund, $1.5 billion and $1.9 billion, respectively.
United States oil product imports by country. The US bans energy imports from countries such as Russia (because of the Russo-Ukrainian War) [78] and Venezuela. [79] The US also limits exports of oil from Iran. [80] Although it is a net exporter, the US imports energy from multiple countries, led by Canada.
As of early 2021, the Biden administration was making a public accounting of regulatory decisions under the Trump administration that had been influenced by politics rather than science. [4] The Trump administration supported energy development on federal land, including gas and oil drilling in national forests and near national monuments and ...