Oil Alliances shifting south not east
Since the US refuses to exploit it’s own oil supplies we must rely on other countries. Recent oil discoveries in Brazil, Columbia, Peru and Mexico could shift the energy focus away from the Middle East to Latin America. Unfortunately, the Democrats recently blocked trade agreements with Columbia thus creating an adversarial relationship. Since the Democrats also block any efforts towards energy independence within the US our energy dependence is dependent on foreign sources.
IBD Editorials talks about the New World Order:
By 2020, the places that matter to the U.S. strategically may be entirely different than today. It’s not hard to project the possibilities.Oil is being discovered in vast quantities in Brazil. Other gigantic deposits have been located in Mexico, Colombia and Peru. Colombia now shows oil reserves as high as Algeria’s. The U.S. imported 4.9 million barrels of oil a day in 2007. Absent development of U.S. reserves, the U.S. will need the new suppliers.
snip…High oil prices and tight supply create incentives to seek out new sources. Enter Brazil, Colombia and Peru, none of which were big players a few years ago. New technology to extract oil and natural gas from previously impossible sea depths or siphon it from laced rock formations brings those countries to the fore.
But the most pivotal factor in why oil’s future is south is that most of these new players have the political will to drill, something not seen in oil-producing nations dominated by green sensibilities, as the U.S. is, or by petrotyrants in Venezuela, Russia and Iran.
Colombia is now our ninth-largest oil supplier, and Brazil is our 11th largest. Both have moved sharply higher in the ranks of suppliers in the last few years. In 2007, Colombia supplied 50 million barrels of oil a day and Brazil supplied 61 million — small numbers compared with our biggest supplier, Canada, which sold the U.S. 680 million barrels a day last year. But the trend is up — and with the new discoveries, probably sharply so.
The Democrats have also been playing games with funding for Columbian military training recently so the efforts to establish Columbia as an ally will be especially trying with Democrats working against this alliance. I’m still trying to figure out where Democrats think our energy will come from to keep the US economy pumping.
Technorati Tags: energy, oil exploration, Democrats, Columbia, Latin America,












