Out of Gas Newsletter - Issue 7 August 30th, 2008
This issue brought to you by
If you find our tips useful please don’t hesitate to forward it to a friend… we’ll thank
you and they’ll thank you as well.
++ News -
Oil prices - The big news is Gustav and what it may do. Gas prices have spiked some around the Gulf Coast as some fears for supply problems have emerged.
The price for crude oil slipped. Couple of things on this is
a) if the storm fizzles out or isn’t as strong as predicted the oil will fall.
b) be on the watch for the second storm Hanna.
http://www.weather.com/newscenter/hurricanecentral/2008/hanna.html
We hope you have a safe, fun labor day holiday.
++ The Oil Industry - Supply Countries
Last week we talked about Opec - this week we’re going to give a breakdown of all the US oil supply imports. Next week we’ll talk about US oil production and then in the coming weeks we’ll talk about each of the countries and regions.
Here are the countries we’ve imported from last year in millions of barrels
Opec 2,183 (yep that’s 2 billion)
Non Opec 2, 733
These included:
Argentina 24
Aruba 40
Australia 1
Azerbaijan 23
Bahamas 1
Belarus 7
Belgium 31
Bolivia 1
Brazil 73
Brunei 4
Bulgaria 1
Cameroon 10
Canada 896
Chad 28
Chile 2
China 5
China / Taiwan 7
Colombia 56
Congo 24
Costa Rica 1
Denmark 2
Egypt 3
El Salvador 2
Equatorial Guinea 22
Estonia 6
Finland 9
France 26
Gabon 24
Germany 26
Greece 1
Guatemala 4
India 10
Italy 20
Jamaica 2
Japan 13
Kazakhstan 7
South Korea 45
Latvia 4
Lithuania 4
Malaysia 5
Mexico 560
Netherlands 47
Norway 52
Oman 11
Peru 12
Portugal 9
Russia 151
Singapore 4
South Africa 3
Spain 19
Sweden 9
Syria 1
Thailand 6
Trinidad 36
Tunisia 5
Turkey 5
Turkmenistan 2
UK 101
Vietnam 11
Virgin Islands 126
Yemen 5
So we get most from Canada, then Mexico, Russia and a surprise for me the Virgin Islands.
Saving you Money
We’ll continue the save you money tips next week - on Friday we posted a good way to have fun over the holiday weekend, so make sure that you check it out.
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If you haven’t had a chance to buy our gas mileage guide we would encourage you to do so.
you can find it here.
