u.s. preparing military strike on iran?, page-42

re: u.s. preparing military strike on iran/ oil is Most of Iran's oil goes to Asia and Europe so they are the areas that would be affected should anything beyond taking out a few nuclear sites eventuate. The US as the latest figures (which are also an indicator of the major players ranking over the last 5 years) show is not dependent on Iranian crude. So what is the significance of the Euro in the crude oil context?


October 2005 USA IMPORT HIGHLIGHTS

Released on December 22, 2005

Monthly data on the origins of crude oil imports in October 2005 has been released and it shows that four countries have exported more than 1.0 million barrels per day to the United States (see table below). The top sources of US crude oil imports for October were Canada (1.493 million barrels per day), Mexico (1.468 million barrels per day), Saudi Arabia (1.180 million barrels per day), Nigeria (1.094 million barrels per day), and Venezuela (0.909 million barrels per day). The rest of the top ten sources, in order, were Iraq (0.563 million barrels per day), Angola (0.501 million barrels per day), Ecuador (0.273 million barrels per day), Kuwait (0.271 million barrels per day), and United Kingdom (0.219 million barrels per day). Total crude oil imports averaged 9.380 million barrels per day in October, which is an increase of 0.302 million barrels per day from September. The top five exporting countries accounted for 66 percent of United States crude oil imports in October and the top ten sources accounted for approximately 85 percent of all U.S. crude oil imports.

CRUDE OIL IMPORTS
(Top 15 Countries bbls/day)

COUNTRY OCT 2005

CANADA 1,493,000
MEXICO 1,468,000
SAUDI ARABIA 1,180,000
NIGERIA 1,094,000
VENEZUELA 909,000
IRAQ 563,000
ANGOLA 501,000
ECUADOR 273,000
KUWAIT 271,000
UNITED KINGDOM 219,000
ALGERIA 216,000
RUSSIA 175,000
NORWAY 145,000
GABON 126,000
COLOMBIA 111,000