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discrepancies is likely the result of engineered and arbitrary market manipulations – to be discussed below. Such arbitrary price manipulations in the oil markets impact negatively on the oil exporting economies and show favor to oil importing economies.

The following chart depicts the most recent data available of Total imports of crude by the U.S.:

Total Imports of Petroleum (Top 15 Countries)

(Thousand Barrels per Day)

Country Nov-10 Oct-10 YTD 2010 Nov-09 YTD 2009
 
CANADA 2,510 2,345 2,516 2,565 2,458
MEXICO 1,363 1,345 1,272 1,084 1,211
SAUDI ARABIA 1,141 1,121 1,094 858 1,016
VENEZUELA 942 930 993 874 1,082
NIGERIA 860 872 1,021 980 789
ALGERIA 572 451 509 400 488
RUSSIA 553 655 620 415 580
COLOMBIA 492 422 377 237 281
IRAQ 340 143 421 461 462
ANGOLA 276 324 397 431 477
VIRGIN ISLANDS 234 270 260 205 276
           

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blog.ml-implode.com/2011/02/dirty-rotten-scoundrels/

Feb. 9, 2011