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US: Middle East and oil



Tim Brown said "It is Europe, not the US, which depends on Middle Eastern oil. The countries and companies with the relatively deepest dependency on Iraqi oil are first its neighbors and second its European customers. It can equally be argued that the principal reason Europeans do not want us to attack is precisely because they fear for their own oil supplies, not ours". John Heelan replies: "Possibly Tim is not aware that in 2001 the US imported 54% of its petroleum supply, 30% of those imports coming from the Persian Gulf. 35% of OECD oil imports also came from the Persian Gulf. (source of figures:
http://www.cis.state.mi.us/mpsc/reports/energy/02summer/oilimports.htm). Thus "Europe" is only marginally more dependent than the US on Middle East oil".

Ronald Hilton - 11/9/02


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