Center of gravity in oil world shifts to Americas - The Washington Post
From Canada to Colombia to Brazil, oil and gas production in the Western Hemisphere is booming, with the United States emerging less dependent on supplies from an unstable Middle East. Central to the new energy equation is the United States itself, which has ramped up production and is now churning out 1.7 million more barrels of oil and liquid fuel per day than in 2005...what was once a seemingly unalterable truth — that American oil production would steadily fall while the United States remained heavily reliant on Middle Eastern supplies — is being turned on its head...Six Persian Gulf suppliers provide just 22 percent of all U.S. imports, the nonpartisan U.S. Energy Information Administration said this month. The United States’ neighbors in the Western Hemisphere, meanwhile, provide more than half — a figure that has held steady for years because, as production has fallen in the oil powers of Venezuela and Mexico, it has gone up elsewhere.
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