What makes your car go
America gets approximately 60% of it's petroleum products from abroad. We hear lots of comments about 'America's dependence on foreign oil'. Where does it come from?
Here are the top 10 for Dec 2008.
|Import Rank||Country||Dec 2008 % of Imports|
|10||Virgin Islands (U.S.)||2.9%|
My question is, how many of those countries are actually places you want to be sending your money? Seems a few of them are a bit 'unfriendly' towards the US. The good news is we get more oil from Canada than the Persian Gulf (18.8% vs 18%).
Also, let's review what countries make up OPEC
|United Arab Emirates|