Word: persianism
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...general, Downing led U.S. special forces in the 1989 invasion of Panama, then Delta Force commandos who hunted for Iraqi Scud missiles during the 1991 Persian Gulf War. But he became disenchanted with the appointment last week after discovering he probably would not get the $10 million budget or the staff of 30 he thought he had been promised. Senior White House aides believe they can talk him into taking...
...explore if such a diversion is even possible or how it might be accomplished, which is what I set out to do with my column this week. When I looked at the numbers, I was surprised to see that, amply motivated, the United States could wean itself entirely from Persian Gulf oil, given current global oil production patterns. Let me explain how this could be done...
...whether you count processing gains and field production in our consumption totals. This is 11.1 million barrels per day (BPD), or the 8.9 million crude plus 2.2 million BPD of refined products. Breaking that down by country and region, we find that 2.5 million BPD come from the Persian Gulf. Not surprisingly, we get 1.6 million BPD from Saudi Arabia, our primary supplier in the region. Quite surprisingly, we buy 0.6 million BPD from Iraq, presumably under restrictive aid-for-oil programs. The remainder is supplied by nations like Bahrain, Kuwait, Qatar and the United Arab Emirates, making the Persian...
...reduce our dependency on oil from the volatile Middle East, then we need to capture more supply from the OPEC and non-OPEC nations currently supplying us to replace the 2.5 million BPD we get from the Persian Gulf. According to the Energy Information Administration of the DOE, such alternatives are available. Russia exports a net (production minus internal consumption) 4.3 million BPD alone, of which we capture virtually nothing. Norway exports 3.1 million BPD, of which we get only 10 percent. Venezuela, an exporter of 2.7 million BPD, sends only 55 percent, or 1.5 million...
Thus, if the United States were determined to do so, it could entirely eliminate its dependence on oil from the Persian Gulf, albeit at the expense of making other net importers of petroleum—like France, Germany, Japan and South Korea—more dependent on Persian Gulf oil. Of course, saying that the U.S. can do this and that the U.S. should do this are two different things. While it would certainly be preferable not to have to depend on such a volatile region for a vital part of our economic livelihood, there’s the unsettling...