The Corner

More Energy Realism

It’s worth looking at just who supplies the US with its oil. Of the top suppliers of oil to us, we presumably are seriously worried about the stability of Saudi Arabia and Venezuela. Nigeria, Angola, Colombia and Algeria presumably fall into a middle ground where we are trying to support the governments against potential destabilizers. We are presumably happy with Canada, Mexico, Iraq, Kuwait, Ecuador, the United Kingdom (!), Equatorial Guinea, Norway and Trinidad & Tobago (although some may fall in the middle ground). Reducing US energy use generally hurts all of these trading partners; unless we’re advocating a Cuba-style boycott of Saudi (but not, according to the President, Venezuelan) oil that would simply increase the pain felt by American consumers at the gas pump, because the price of oil is set in a global market. The oil addiction message makes less and less sense the more you look at it.

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