In 2007, Venezuela consumed about 740,000 bbl/d of oil and had net oil exports of around 1.9 million bbl/d. The United States is the largest destination of Venezuela’s petroleum exports. In 2007, the United States imported 1.36 million bbl/d of crude oil and petroleum products from Venezuela
Besides the United States, other important destinations of Venezuelan petroleum exports include South America, Europe, and the Caribbean, though much of the crude oil that is exported to the Caribbean is later re-exported as petroleum products to the United States
In other words: you buy almost all oil they export.
sure, we might buy almost all the oil they export, but they are such a minor share compared to other sources. Like I said, the largest source is the great white north, and it looks like they will be around for a while with steam extraction of oil residing under ice shelfs. Pretty :cool: stuff.
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