Global Market Flows for Oil: U.S. Sucks It Up
The global oil flow map tells an interesting story: The U.S. sucks in oil from oil-producing countries around the world on five continents, despite the fact that it has much of its own domestic energy resources that are currently off-limits. Then when demand for oil increases in emerging markets like Russia, China, India and Brazil, and these countries compete with the U.S. for a limited supply of global oil, the U.S.: a) complains about high oil prices, but b) refuses to open up its own domestic oil supplies.
Isn't it kind of like Jed Clampett discovering oil on his land while hunting, but refusing to use it or sell it?
Update: The global oil flow map is from the API.