Recent Iranian saber rattling about closing the Strait of Hormuz is yet another reason for the U.S. to look north to Canada for oil imports. Military confrontation or a perceived threat of it in the strait -- the route for almost 17 million barrels of oil daily -- would wreak havoc on global oil supplies. The effects for the United States would be particularly severe: 75 percent of oil from Saudi Arabia, which at 12 percent of net U.S. imports of crude oil and petroleum products is our second-largest supplier, passes through this strategic waterway.
Occasional threats to global oil supply are one reason why U.S. energy security requires “an all-out, all-of-the-above strategy,” as President Barack Obama put it in his 2012 State of the Union address. Though this strategy must include cleaner natural gas, as well as alternative energy sources, the U.S. will continue to depend on oil to satisfy its energy needs in the short-to-medium term. ...
To read the rest, sign up to try World Politics Review
Sign up for two weeks of free access with your credit card. Cancel any time during the free trial and you will be charged nothing.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Strategic Horizons: Obama’s Islamic State Strategy Avoids Failure—but Also Success
- World Citizen: In New Rivalry, Great Powers Come Calling on India and Pakistan
- The Realist Prism: Crises in Ukraine, Mediterranean Put NATO Solidarity to the Test
- Global Insights: U.S. Seeks to Reassure Japan, South Korea on Asia Pivot
- Strategic Horizons: To Deter Adversaries, U.S. Military Must First Understand Their Fears