The Chinese leadership, and particularly the military, is very concerned
about oil import dependency and has made a concerted effort to keep its foreign oil sources as diversified as possible.
This country did not agree on how to value or price its concerns
about oil imports (others taxed oil), whether or not one should move away from oil (others taxed all fuels), and more recently about CO2 (the brave Nordic countries have CO2 taxes).
And a concern of removing fossil fuel subsidies — particularly in the current political climate of worries
about oil imports — is that this can work against so - called «energy security» (some have therefore suggested the addition of an «oil import fee»).
Not exact matches
About a half of those
imports are heavy naphtha, bought by PDVSA to dilute its extra heavy
oil output and make it suitable for export.
U.S. presidents since Richard Nixon have talked
about weaning America off
imported oil, but Obama is the only one who can claim to have succeeded in any great measure.
Disruptions in Venezuela's
oil industry can have outsize impact on the country, as
oil brings in
about 95 % of its export revenue, which has been used to purchase
imports like food and medicine as domestic production dries up.
This should be a good thing, because the U.S. is still the world's biggest
oil consumer, using 19 million barrels a day and
importing about half of it.
It's full of talk
about freeing motorists in eastern Canada from their dependence on
imported oil from volatile geopolitics locales such as Saudi Arabia, Algeria, Nigeria, and -LSB-...]
Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese
oil and gas rig producer now provides Russia with
about 60 percent of its
imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston
import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technology.
It's full of talk
about freeing motorists in eastern Canada from their dependence on
imported oil from volatile geopolitics locales such as Saudi Arabia, Algeria, Nigeria, and Venezuela.
That works out to 67 percent of the value of Canada's total merchandise trade surplus with the U.S. of
about C$ 76 billion — and 41 percent of U.S. crude
oil imports in 2016.
Oil imports into Canada account for
about 20 - 25 percent of the total exports, with the US meeting more than 50 percent of the
import requirements.
Like other exporters, Canadian
oil and gas producers have worried
about protectionist rhetoric employed by Mr. Trump, and a border adjustment proposal in Congress that could effectively place an
import tax on goods entering the U.S. market.
India
imports most of her crude
oil needs and in 2014 - 15 that was
about 190 million tonnes, nearly 20 million tonnes more than in 2011 - 12.
I learned this myself first hand in the early 2000s when I
imported the first «Virgin Coconut
Oil» from the Philippines into the U.S. market, daring to publish the truth about fats and oils, and contradicting government nutritional advice that states saturated fats and coconut oil are harmful to one's heal
Oil» from the Philippines into the U.S. market, daring to publish the truth
about fats and oils, and contradicting government nutritional advice that states saturated fats and coconut
oil are harmful to one's heal
oil are harmful to one's health.
Some gamesome wights will tell you that they have to plant weeds there, they don't grow naturally; that they
import Canada thistles; that they have to send beyond seas for a spile to stop a leak in an
oil cask; that pieces of wood in Nantucket are carried
about like bits of the true cross in Rome; that people there plant toadstools before their houses, to get under the shade in summertime; that one blade of grass makes an oasis, three blades in a day's walk a prairie; that they wear quicksand shoes, something like Laplander snowshoes; that they are so shut up, belted
about, every way inclosed, surrounded, and made an utter island of by the ocean, that to their very chairs and tables small clams will sometimes be found adhering, as to the backs of sea turtles.
Yet, while president after president emphasised the importance of tackling the problem, US net
oil imports kept rising, until they peaked in 2005 at
about 12.5 million barrels of
oil per day, 65 % of total US demand.
This development is coming
about eight months after the Muhammadu Buhari - led regime stopped the fuel subsidy, which was costing the government millions of naira being paid monthly to
oil marketers
importing the product then.
One could frame the debate in the advantages of using less fossil fuel, which range from lower costs to people (an all electric car has operating costs
about 1/4 that of a gasoline vehicle), to balance of payments (less capital flowing out of the country, especially relevant to countries who
import most of their
oil), to terrorism (not funding it, and western influence leaving the ME, which is the basis of most ME terrorist organizations) to conflict in general (most of the major conflicts in the last 30 years have involved ME
oil), to finite supply (when we run out, we'll be facing a global economic meltdown).
One of the charges read, «That you, Adegbite Adetoye and Ponnle Abiodun whilst being directors of Origin
Oil and Gas Limited on or
about the 8th day of October 2010 to December, 2011 in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, Abuja and with intent to defraud, conspired to obtain the sum of N735, 132, 076.18 From the Federal Government of Nigeria under false pretence that the said sum represented subsidy accruing to you, whereas the sum is above the actual subsidy payment for the importation of 15,000 mt of premium motor spirit (petrol) which you claim to have purchased from Vitol SA and
imported into Nigeria through MT Silverie which representation you knew to be false.»
As a major
oil producer, involving the private sector — and I am aware that Dangote is building some refineries and tank storage capacities — it should be possible to process Nigerian
oil locally into finished petroleum products and export them to West Africa and the rest of Africa without us having to
import petroleum products from outside.Speaking as a former leader of an African country, I can tell you that our quest to build our countries into industralised economies that can begin refining our own raw materials and manufacturing what we need, is not a development paradigm that the rich nations are enthused
about.
(The United States
imports about 600,000 barrels of raw tar - sands
oil a day from Canada, up from
about 100,000 barrels a day in 2000.)
The United States will also improve energy security by cutting
oil imports by 2 million barrels daily, or
about half of what we
import from OPEC today.
* To say that overseas trade was just beginning and that cities were developing are relative terms as, long time before this, while the Roman Empire controlled England (from
about 50 AD to 410 AD) trade and cities had flourished, with exports including metals such as silver, iron and copper, and
imports including pottery, olives and olive
oil.
That is great for us politically, because export industries get stimulated, and no one cares
about imports (buy American), except crude
oil.
Back then, we
imported about a third of our
oil.
Others note that Germany is a nation with nine direct neighbors and
imports 100 % of its consumed uranium, 98 % of its
oil, 82 % of its natural gas, and 77 % of its hard coal — and the bulk of
oil and gas
imports,
about 35 % each (more than the EU average), come from Russia.
This is particularly critical for
oil importing countries that will be cut off from
oil exports at
about twice the rate of the global decline in available transport fuels.
And during an early April visit to Pennsylvania, Obama didn't directly answer a question
about importing more
oil sands from Canada.
The U.S. consumes
about 20 million barrels of
oil per day, 2/3 of that is
imported.
This would open the market to ethanol that could be produced from the «420 million tons of biomass easily harvestable in the U.S.» Sharp also said that the ethanol generated from that biomass could replace at least half —
about 45 billion gallons — of the
oil the U.S.
imports annually.
We reminisce
about the beginnings of the Plan in the summer of 2008, how we were
importing $ 1 billion of foreign
oil (it's
about half that today), how we had no energy plan and no prospects for one from either candidate, Barack Obama or John McCain, and how we focused on converting heavy - duty trucks from diesel to natural gas right from the get - go.
There are other issues that are important to a lot of people and their numbers are increasing as they learn
about the other issues: health for humans and animals, job creation, protection of the environment, balance of trade deficit due to
imports of
oil, preservation of natural resources that have better uses than just being burned, energy independence, global warming, the prestige that early adopters enjoy and the good feeling some people get from knowing that they have made a decision that is good in some way.
Organizers are concerned
about Canada's relentless lobbying against a key piece of EU climate policy, the Fuel Quality Directive, which aims to reduce
imports of highly polluting fuels such as tar sands and synthetic
oil from coal into Europe.
It came
about because of low
oil prices, and it led to a higher dependence on
imports.»
Here's what we know
about U.S. energy security, with much credit due to our partnership with Canada, America's No. 1 source of
imported oil:
India
imports about 75 % of its
oil.
«Green economic growth is a focus for Chinese policy makers worried
about rising costs for
imported oil and social unrest sparked by pollution.
We pay for our side, and then we pay — we borrow — 250 billion dollars, approximately, per year, to
import oil —
about a billion dollars every working day.
Interestingly, beyond this, despite considerable rhetoric
about moving beyond debates
about carbon - pricing, the report recommends that in order to avoid adding to the Federal debt, it would be necessary to impose new taxes, including increased royalties for
oil and gas extraction, a tax on
imported oil, a tax on electricity sales, and a «very small carbon price» (presumably from a modest carbon tax or unambitious cap - and - trade system).
Even as recently as November 5, President Obama bragged
about decreased dependence on
imported oil.
Taking the field off line will reduce domestic
oil production by 400,000 barrels a day, or 8 percent — equivalent to
about one - third of the amount the United States
imports daily from Venezuela.
At
oil prices of $ 100 per barrel,
about $ 1 billion leaves our economy every day to pay for petroleum
imports.
Four of the most vocal proponents within the national security community and utility industry made up one of the panels talking
about ways to reduce America's dependence on
imported oil.
By displacing gasoline with ethanol, we are displacing geo - political risk with yield risk, and historical corn yields have been
about twice as volatile as
oil imports.
Its
oil imports appear to be running
about twice pre-tsunami levels.
«The country sends $ 1 billion overseas every day to purchase
oil, but publicly funded research in advanced vehicles and alternative fuels totals just $ 680 million annually —
about 16 hours worth of
oil imports.»
Unlike politicians, economists are not up for election, so they can tell the truth
about cutting
oil imports.
Instead, there was talk
about running out of
oil and
importing natural gas.