Top Oil Exporters to the United States: Business Development Issues07 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 business development  issues, mostly related to U.S. government policy, or rather its absence, on foreign oil dependence. Previous posts discussed top oil exporting countries and why their oil exports are potentially unreliable.

Business Development Issues

As a de facto matter of policy or simply chance, the United States imports crude oil from a few dozen countries in addition to the five countries cited previously. Although this approach tends to shield the United States from excessive dependence on any one source, serious reduction of oil from any of the major oil exporters could have dramatic effects because of market sensitivity based on price, supply and psychological factors that could lead to panic. For example, the Yom Kippur War, starting in October 1973, “resulted in a net loss of 4 million barrels per day and extended through March of 1974. This loss represented 7 percent of the free world production. The extreme sensitivity of prices to supply shortages became all too apparent when prices increased 400 percent in six short months.”

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One Response to “Top Oil Exporters to the United States: Business Development Issues”

  1. The Reality of U.S. Energy Policy: Foreign Dependency, Insignificant Renewable Energies, and Potentially Unsafe Nuclear Plants | JHEverson Consulting Reply

    […] Reality – Imported Oil: The United States imports 60 percent of its crude oil needs. In about 11 years that figure will be 100 […]

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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.