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--- 0_public:geography_and_regions:united_states [2025/02/11 23:05] – pointnm
+++ 0_public:geography_and_regions:united_states [2025/04/03 20:12] (current) – [Oil] pointnm
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 ====== United States ======
+Producers need, on average, a $64/bbl price level to drill a new well profitably, according to the Dallas Federal Reserve Energy Survey.((https://archive.ph/5RQcG#selection-1099.338-1099.474)) ((2025))
 <wrap hi>The US imports substantial amounts of aluminium and steel from Canada. Approximately half of the US's aluminium requirements are sourced internationally, with Canada being the largest supplier, contributing 58% of these imports. The United Arab Emirates follows, providing 6%</wrap>, according to US government data. <wrap hi>The US also relies on Mexico and Canada for around 90% of its aluminium scrap imports. Meanwhile, around 23% of steel imports into the US arrive from Canada, followed by Brazil at 16%, Mexico at 12% and South Korea at 10%.</wrap>((https://archive.ph/KOs85#selection-1111.0-1114.0)) ((2025))
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 ===== Oil =====
-“This is probably due to the fact that <wrap hi>Canada is by far the US’s most important oil supplier</wrap>,” Carsten Fritsch, commodity analyst at Commerzbank AG, said.((https://archive.ph/Eq82B#selection-7957.0-7960.0)) ((2025))
-Last year, the US sourced more than 4 million barrels of its daily crude oil imports from Canada, according to data from the US Energy Information Administration.((https://archive.ph/Eq82B#selection-7961.0-7964.0)) ((2025))
-“This corresponded to more than 60% of total US crude oil imports. Mexico accounted for around 470 thousand barrels per day or 7% of daily US crude oil imports,” Fritsch said.((https://archive.ph/Eq82B#selection-7973.0-7976.0)) ((2025))
-Oil from Venezuela could be considered a substitute due to its similar quality and geographical proximity.((https://archive.ph/Eq82B#selection-8017.0-8020.0)) ((2025))
-Brazil and Guyana are also considered possible suppliers of the heavy sulphur-rich oil required by US refineries.((https://archive.ph/Eq82B#selection-8029.0-8032.0)) ((2025))
-“If this also affects crude oil, around 4.5 million barrels or almost 70% of daily US crude oil imports would become significantly more expensive suddenly,” Fritsch said.((https://archive.ph/BPvDw#selection-8011.0-8014.0))
-“It is impossible to source this volume elsewhere in the short term, especially as the oil from Canada and Mexico is urgently needed by US refineries due to its special characteristics (density, sulphur content) and cannot be replaced by light US shale oil,” according to Fritsch.((https://archive.ph/BPvDw#selection-8023.0-8026.0))
 Shipments from Canada and Mexico can’t be replaced((https://archive.ph/rBNyM#selection-8049.0-8066.0)) ((2024))