Subscribe free to our newsletters via your
. Space Travel News .




OIL AND GAS
U.S. importing more Venezuelan oil
by Daniel J. Graeber
Washington (UPI) Dec 11, 2014


disclaimer: image is for illustration purposes only

U.S. data show oil imports from Venezuela increased more than 60 percent during the same week that Washington lawmakers looked to tighten sanctions pressure.

The U.S. Energy Information Administration said in a status report the United States imported 896,000 barrels of Venezuelan crude oil per day for the week ending Dec. 5, up 66 percent from last week and 14.4 percent year-on-year.

The increase in oil imports comes more than two months after the Venezuelan government shelved plans to sell Citgo, the U.S. subsidiary of state oil company Petroleos de Venezuela.

A decline in global oil prices is hurting economies like Venezuela's that rely heavily on oil exports for revenue. High inflation in the country is eroding consumer purchasing power by as much as 12 percent.

In July, the government in Caracas said it could free up export volumes and to start directing oil to the Chinese market through the sale of Citgo.

The EIA data release falls on the same week that members of Congress passed legislation that would sanction Venezuelan officials suspected of serious human rights abuses.

The bill was introduced by Senate Foreign Relations Committee Chairman Bob Menendez, D-N.J.

Anti-government demonstrations began in Venezuela in February, with protesters calling for an end to goods shortages, inflation and high crime. President Nicolas Maduro's government has blamed foreign-backed "fascists" for the unrest.

More than 40 people were killed in anti-government protests between February and May.

Imports of Venezuelan crude oil have been touted as a reason to advance the Keystone XL oil pipeline from Canada through the United States.

"It makes no sense to receive oil from the Middle East and Venezuela and not from a friendly neighbor in Canada," Russ Girling, president of chief executive officer of pipeline planner TransCanada, said in a November statement.

It's been more than six years since Girling's company submitted an application to build the pipeline across the U.S.-Canadian border.

EIA data show overall oil imports up modestly for the week ending Dec. 5, but 9.5 percent above the same week in 2013. From two years ago, however, U.S. oil imports are down 31.6 percent.

Canada and Saudi Arabia are the No. 1 and No. 2 oil exporters to the U.S. market, respectively.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Canada vows to make pipelines safer
Ottawa (UPI) Dec 9, 2014
The Canadian government said it's committed to a world-class regime for pipeline safety, calling for new "polluter pays" rules and other control measures. The government of Prime Minister Stephan Harper outlined amendments to pipeline safety rules, rules it says will lead to one of the safest networks of pipelines in the world. "The Harper government is committed to having a worl ... read more


OIL AND GAS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

ADS to provide key elements for Vega launcher

Ariane 5 delivers DIRECTV-14 and GSAT-16 to orbit

Europe to build new-generation Ariane 6 rocket

OIL AND GAS
Flash-Memory Reformat Planned

Mars mountain may have arisen from lake sediments: NASA

Curiosity finds clues to how water helped shape Mars

China's ardor for a red planet

OIL AND GAS
Carnegie Mellon Unveils Lunar Rover "Andy"

Why we should mine the moon

Young Volcanoes on the Moon

Russia Preparing Joint Moon Exploration Agreement With EU

OIL AND GAS
On Pluto's Doorstep, NASA's New Horizons Spacecraft Awakens for Encounter

New Horizons Wakes Up on Pluto's Doorstep

NASA craft to probe Pluto after nine-year journey

Waking Up on Pluto's Doorstep

OIL AND GAS
Finding infant earths and potential life just got easier

Queen's scientist leads study of 'Super-Earth'

Finding infant earths and potential life just got easier

'Mirage Earth' exoplanets may have burned away chances for life

OIL AND GAS
China's New Hypersonic Strike Vehicle Takes Flight Again

HAL to make cryogenic engine for ISRO

Russia's Angara Space Rocket Tests to End in 2020: Defense Ministry

India to launch advanced rocket next month

OIL AND GAS
Service module of China's returned lunar orbiter reaches L2 point

China Launches Second Disaster Relief Satellite

China expects to introduce space law around 2020

China launches new remote sensing satellite

OIL AND GAS
Philae probing comet with hours left on battery

Comet probe in race against time to crown stellar feat

Asteroid Explorer Hayabusa2 Completion of Critical Operation Phase

European astronomers spot faint asteroid




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.