To Have and Have Not: Energy security vs energy independence in a world awash in cheap oil

February 23, 2016 |

ABLC-2016-Energy Security.006

This is where China gets its oil from.

Especially since the US does not import very much oil through the Strait of Hormuz; the vast majority of our domestic supply comes from the US, Canada, Mexico and Venezuela. Oil through the Strait does not generally flow west to the Americas, but East towards China. It’s a very, very important trade that drives the world economy.

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