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Article: United States, Latin America becoming more oil interdependent.
- Article from:
- National Petroleum News
- Article date:
- February 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 M2Media360. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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No commodity trades and flows in such huge quantities worldwide as crude oil. Because crude is found where it is, irrespective of population density, interregional shipments are massive, and regional security depends on where its oil comes from.
We all know, in general, where most crude oil comes from and who uses the most, but we don't know precisely how much oil various regions export and how much other regions import. This is the basis of interdependence. And we don't know much about what the interregional trade picture will be.
So, in walks a research group that has analyzed this exact subject and shed considerable light on it. The PIRA Energy Group, based ...