{"id":2472,"date":"2014-12-05T06:52:11","date_gmt":"2014-12-05T11:52:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2472"},"modified":"2014-12-05T06:52:11","modified_gmt":"2014-12-05T11:52:11","slug":"us-crude-imports-from-non-opec-countries-peaked-10-years-before-tight-oil-boom","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2472","title":{"rendered":"US crude imports from Non-OPEC countries peaked 10 years before tight oil boom"},"content":{"rendered":"<p><a href=\"http:\/\/crudeoilpeak.info\/us-crude-imports-from-non-opec-countries-peaked-10-years-before-tight-oil-boom\">US crude imports from Non-OPEC countries peaked 10 years before tight oil boom<\/a>.<\/p>\n<p style=\"line-height: 1.5; color: #000000; padding: 0px; margin: 0px 0px 1.25em 0px;\">In part 3 of this series on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries. Excluding Canada \u2013 which is a special case due to its integration into the North American oil market \u2013 these imports peaked in 2002, long before the tight oil boom started.<\/p>\n<h4 style=\"font-size: 16px; margin: 1em 0px 1em 0px;\">(1)\u00a0\u00a0\u00a0 Introduction: US oil imports from Non-OPEC countries<\/h4>\n<p style=\"line-height: 1.5; color: #000000; padding: 0px; margin: 0px 0px 1.25em 0px;\">The following graph shows an overview on US oil imports (crude + products) since 1960<a style=\"color: #313428; text-decoration: none;\" href=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2014\/12\/US_petroleum_imports_from_Non-OPEC_1960_2013.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6634\" style=\"display: block; text-align: center; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: #f3f3f3; background-position: initial initial; background-repeat: initial initial; padding: 4px; margin: 0px auto 0px auto; border: 1px solid #dddddd;\" title=\"US_petroleum_imports_from_Non-OPEC_1960_2013\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2014\/12\/US_petroleum_imports_from_Non-OPEC_1960_2013.jpg\" alt=\"\" width=\"600\" height=\"422\" \/><\/a><\/p>\n<p style=\"line-height: 1.5; color: #000000; padding: 0px; margin: 0px 0px 1.25em 0px;\" align=\"center\">Fig 1: US oil imports from Non-OPEC countries<span style=\"font-size: 13px;\">\u00a0<\/span><\/p>\n<p style=\"line-height: 1.5; color: #000000; padding: 0px; margin: 0px 0px 1.25em 0px;\">Data are from the EIA Monthly Energy Review (table 3.3d Petroleum Trade). They start in 1960.<br \/>\n<span style=\"text-decoration: underline;\"><span style=\"color: #0000ff;\"><a style=\"color: #313428; text-decoration: none;\" href=\"http:\/\/www.eia.gov\/totalenergy\/data\/monthly\/#petroleum\"><span style=\"color: #0000ff; text-decoration: underline;\">http:\/\/www.eia.gov\/totalenergy\/data\/monthly\/#petroleum<\/span><\/a><\/span><\/span><\/p>\n<p style=\"line-height: 1.5; color: #000000; padding: 0px; margin: 0px 0px 1.25em 0px;\">Imports peaked in 2005\/06. The subsequent decline until 2010 was caused by high oil prices and the financial crisis.<\/p>\n<p style=\"line-height: 1.5; color: #000000; padding: 0px; margin: 0px 0px 1.25em 0px;\">22\/7\/2013\u00a0\u00a0 US oil demand peak was in 2007<br \/>\n<span style=\"text-decoration: underline;\"><span style=\"color: #0000ff;\"><a style=\"color: #313428; text-decoration: none;\" href=\"http:\/\/crudeoilpeak.info\/us-oil-demand-peak-was-in-2007\"><span style=\"color: #0000ff; text-decoration: underline;\">http:\/\/crudeoilpeak.info\/us-oil-demand-peak-was-in-2007<\/span><\/a><\/span><\/span><\/p>\n<p style=\"line-height: 1.5; color: #000000; padding: 0px; margin: 0px 0px 1.25em 0px;\">The speed of the decline was similar to the period following the 1<sup>st<\/sup>\u00a0oil crisis. The tight oil boom started in 2010\/11, causing a further decrease of around 750 kb\/d.<\/p>\n<p style=\"line-height: 1.5; color: #000000; padding: 0px; margin: 0px 0px 1.25em 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US crude imports from Non-OPEC countries peaked 10 years before tight oil boom. In part 3 of this series on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries. Excluding Canada \u2013 which is a special case due to its integration into the North American oil market \u2013 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[1651,589,1650,596,600,1649],"class_list":["post-2472","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-non-opec","tag-oil-demand","tag-oil-imports","tag-oil-supply","tag-opec","tag-us-crude-imports"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2472"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2472\/revisions"}],"predecessor-version":[{"id":2473,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2472\/revisions\/2473"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}