Energy Through the South China Sea
February 16, 2014 | Energy Information Administration
"Stretching from Singapore and the Strait of Malacca chokepoint in the southwest to the Strait of Taiwan in the northeast, the South China Sea is one of the most important energy trade routes in the world. Almost a third of global crude oil and over half of global liquefied natural gas passes through the South China Sea each year." Quoted from the Energy Information Administration article.
Perspectives on Exporting US Crude?
February 13, 2014 | UPI
A US Senator from Alaska says... "Opening up world markets to U.S. crude oil will lower the global price, which will in turn lower the global prices for petroleum products."
A US airlines industry VP says... "Exporting U.S. crude makes little sense. [...] If we allow for the export of U.S. crude, we'll have to import more oil from overseas and subject ourselves, once again, to an increasing degree of price volatility and higher global prices."
The idea of exporting US crude hits different people different ways. Alaska has a surplus of oil and exporting it to Asia is as
UAE Oil and Natural Gas Report
December 6, 2013 | Energy Information Administration
"The United Arab Emirates (UAE) is one of the 10 largest oil and natural gas producers in the world, and is a member of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF). In 2012, the UAE produced 2.8 million barrels per day of crude oil and condensates, the fourth highest total in OPEC." Quoted from the Energy Information Administration.