Top Oil Exporters to the United States: Venezuela and Nigeria04 Mar

The top five exporters of crude oil to the United States are Canada, Mexico, Saudi Arabia, Venezuela, and Nigeria. In August 2010 they constituted 63 percent of all imports to the United States. Four of these five countries have problems that could affect U.S. oil imports. Canada is the only country with long-term social and economic stability and large proven reserves (an estimated 179 billion barrels in 2007). This post summarizes Venezuelan and Nigerian oil export dependability issues. Subsequent posts discuss the other top oil exporting countries and business development issues.

Venezuela

Proven oil reserves in Venezuela may be the worlds largest at 297 billion barrels and presumably surpass that of Saudi Arabia with 265 billion barrels. Oil field development has been hampered by political unrest, especially during 2002 when 18,000 state oil field workers went on strike and subsequently were fired. Crude oil from this country is heavy and must be processed by specialized refineries. The United States imports 1.4 million barrels per day from Venezuela. If Saudi Arabia cannot maintain its current export level to the United States, perhaps that shortfall could be countered by Venezuela, if President Hugo Chavez were so inclined…if.

Nigeria

Nigeria is the 10th most petroleum-rich country based on its reserves. “The oil industry has been marred by political and economic strife largely due to a long history of corrupt military regimes and complicity of multinational organizations.” Long-term reliable access to Nigerian oil is questionable.

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About Dr. Everson

Prior to forming this SBIR consultant practice, Dr. Jeffrey Everson was director of business development for QinetiQ North America’s Technology Solutions Group (previously Foster-Miller, Inc.).

Dr. Everson has won and been the principal investigator for several SBIR programs, including a Phase I program for NASA, a Phase I project for the U.S. Air Force, and Phase I and II contracts from the U.S. Department of Transportation. For the Phase II program, he received a Tibbetts Award for exemplifying the best in SBIR achievement.

Previously Dr. Everson held senior scientist positions at Battelle Memorial Institute, The Analytic Sciences Corporation (TASC), Honeywell Electro Optics Systems Division, and Itek Optical Systems Division.

He holds a PhD in physics from Boston College and a MS/BS in physics from Northeastern University.

Contact

For more information about how JHEverson Consulting can help your company with its SBIR and STTR proposals, please contact Jeff Everson.

JHEverson Consulting is based in the Boston area but consults for clients throughout North America. It also is supported by affiliated consultants.