As it is, Canada, Mexico and Venezuela already are the key suppliers of oil to the U.S. But middle eastern oil nations have gotten the U.S. into more than one tight spot on foreign policy matters.
It agreed to double oil exports, which will reduce China's dependence on Middle East oil.
China has a straightforward strategy for diminishing its dependence on Middle East oil: buy from Africa.
It helps his war against terrorism, by potentially helping to wean America from its dependence on Middle Eastern oil.
China needs Middle Eastern oil and relies on Saudi Arabia and Iran as its two largest suppliers from the region.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East
If the United States no longer needs access to Middle East oil under any foreseeable circumstances, then the priority Washington assigns to the region will plummet.
FORBES: What Happens When America No Longer Needs Middle East Oil?
From Russian oligarchs to Middle Eastern oil barons to American movie stars, having a yacht seems de rigeur for the super-rich, even in the current economic climate.
Ross was highly critical of the war in Iraq and backed an energy policy that would fund cost-effective renewable energy to replace dependence on Middle Eastern oil.
There is only one sure-fire way to provoke an inflation shock and that is to close the Straits of Hormuz, or otherwise cause Middle Eastern oil to cease, temporarily.
For the first time since cheap Middle East oil invaded Western markets, Newman says, a vast new source of energy is arriving at prices well below the prevailing cost of finding, developing and delivering natural gas.
Reducing America's petrol consumption by 20% by 2017, a target he announced in the state-of-the-union address, would certainly diminish the country's dependence on Middle Eastern oil, but the way he plans to go about it may not be either efficient or clean.
There would be plenty of other losers too, from the nations that depend on a steady flow of Middle East oil to stabilize global energy prices to the shippers that count on the Fifth Fleet for protection to the local companies that help sustain U.S. forces in the region.
FORBES: What Happens When America No Longer Needs Middle East Oil?
When China, the second largest economy, pays the Middle East for oil, it pays with U.S. dollars.
Could it be that we would simply be trading our dependence on the Middle East for oil for a dependence on sunshine?
Take another period characterized by extreme volatility and fear, when there was conflict in the Middle East, oil-related inflation shocks, declining value in the U.S. dollar, rising U.S. unemployment and a strong resolve from the Fed to act aggressively.
Many governments are keen to reduce dependence on Middle Eastern and Russian oil and gas.
Corbett also expressed interest in the Middle East with its oil and gas sector as well as Europe expansion.
FORBES: 'We Have A Lot Of Confidence In Africa': Fasken Martineau Managing Partner
By the middle of 2011, oil and oil stocks started to separate, with crude continuing to rise while stocks deteriorated.
The refined products and marketing division is responsible for refining and marketing various products such as gasoline, aviation fuel, fuel oil and middle distillates.
From fields more than half a century old (some dating back to the first oil discoveries in the Middle East in 1908) comes 60% of Iran's oil.
This makes some Russian oil-fields barely profitable even after the rouble devaluation, and is encouraging western firms to redirect investment to the Middle East, where oil is cheaper to extract.
Geopolitical uprisings in North Africa and the Middle East, surging oil prices, and the catastrophic earthquake in Japan will disrupt travel plans and test record high prices for online travel agencies.
FORBES: Playing The Fire In Priceline Without Getting Burned
For several oil producers, notably in the Middle East and Africa, a rise in the oil price could help.
We are in consultation with the IEA and the oil-producing states -- of which Saudi Arabia is one -- about the unrest in the Middle East and the effect on oil prices.
During the first Gulf war, Japan's only contribution was money, even though it imports 90% of its oil from the Middle East.
By the 1970s the Middle East was awash in oil, and Graff's Arab clients were jetting to London to spend their cash.
It was Dulles who ordered the 1953 coup in Iran, which was intended in part to make the Middle East safe for American oil companies.
Although his empire expands to Latin America, the United States and Europe, oil-rich Middle East countries so far have not been part of it.
FORBES: Is Mexican Billionaire Carlos Slim Out To Conquer Saudi Arabia?
应用推荐