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
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $11.99 monthly or $94.99/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- The Realist Prism: Can Obama Count on ‘Coalition of the Willing’ to Fight Islamic State Group?
- Islamic State Threat Puts Independence on Hold for Iraq’s Kurds
- In Fight Against Islamic State, Iraqi Kurds Are Problematic Partners
- Diplomatic Fallout: Having Tried Hope, Obama Turns to Fear to Reaffirm U.S. Power
- Border Disputes, Political Tensions Threaten Needed Cooperation in Central America