More than four-fifths of crude oil bound for China crosses the Indian Ocean before passing through the narrow Malacca Strait.
The Bakken and Eagle Ford shales under Montana and North Dakota contain up to 700 billion barrels of fluid oil bound tightly into sandstone.
The final deciding factor for the future of the region's economies seems to be, as is often the case in the Gulf, bound up with oil prices.
Moreover, the price of oil was bound to go on rising, and the cost of borrowing was bound to fall.
Washington also released 2 million barrels a day of diesel from the Northeast Home Heating Oil Reserve, bound for New York and New Jersey.
But we have to acknowledge that there are inherent risks to drilling four miles beneath the surface of the Earth, and these are risks -- (applause) -- these are risks that are bound to increase the harder oil extraction becomes.
"With today's low heating oil supplies, prices are bound to rise significantly, placing greater pressure on our most vulnerable consumers, " the lawmakers said.
Nonetheless, crude is still at price levels that are significantly higher than historical averages, suggesting that exploration and production companies are bound to get plentiful new contracts to drill for oil and natural gas.
About two dozen homes in Mayflower, in central Arkansas, were evacuated Friday as the crude oil, which originated in Canada and was bound for Gulf Coast refineries, crawled through yards and down streets spilled from a 2- or 3-inch gash in the underground Pegasus pipeline, officials have said.
Given the vast quantities of oil being transported around the world each day, there are bound to be more big spills before then.
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