Venezuela's oil exports to the US fall in 2013
Preliminary data shows an 8.3% setback in oil shipments
Preliminary statistics from the US Department of Energy reveals that oil exports to the US in January-June this year totaled 754,000 barrels per day, down 8.3% from 823,000 bpd in 2012.
The US has cut oil imports from Venezuela from a peak of 13.06 million barrels in 2006 to 10.59 million barrels in 2012, an 18.9 drop. Concomitantly, the US has raised local oil output from 5.07 million bpd in 2007 to an average of 7.18 million bpd in 2013.
Except for a slight decline in 2002-2003, oil exports to the US averaged 1.5 million bpd in the first decade of the 21st century.
In 2010, Venezuela shipped 988,000 bpd to the US and 951,000 bpd in 2011. In 2012, oil sales remained virtually unchanged, with shipments amounting to 952,000 barrels per day, according to the Department of Energy.
Translated by Jhean Cabrera
A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.