Thursday
Apr122012
Thursday, April 12, 2012 at 11:45AM
"Since the Arab oil embargoes of the 1960s and 70s, it's been conventional wisdom to talk about American dependence on oil from the Persian Gulf. But the global oil market has changed dramatically since then."
"Today, the U.S. actually gets most of its imported oil from Canada and Latin America."
"And many Americans might be surprised to learn that the U.S. now imports roughly the same amount of oil from Africa as it does from the Persian Gulf. African imports were a bit higher in 2010, while Persian Gulf oil was accounted for a bit more last year."
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