The U.S. now imports far more oil from Canada than from any other country. Persian Gulf imports now account for less than 15 percent of the oil consumed in the U.S. This photo shows the Syncrude oil sands extraction facility near Fort McMurray, Alberta, Canada, in 2009.
Credit Mark Ralston / AFP/Getty Images
Since the Arab oil embargoes of the 1960s and 70s, it's been conventional wisdom to talk about American dependence on oil from the Persian Gulf. But the global oil market has changed dramatically since then.
Today, the U.S. actually gets most of its imported oil from Canada and Latin America.
And many Americans might be surprised to learn that the U.S. now imports roughly the same amount of oil from Africa as it does from the Persian Gulf. African imports were a bit higher in 2010, while Persian Gulf oil accounted for a bit more last year.
Originally published on Fri April 13, 2012 8:22 am
A woman looks over vegetables in Carulla Supermarket in Bogota, Colombia. The country, which plays host this weekend to the Summit of the Americas, is a rising star in the region. Foreign investment has quadrupled over the past decade, and it has a new free-trade agreement with the U.S.
Colombia was once associated with cocaine trafficking and powerful drug lords, but today's reality is different: It's stable, a magnet for foreign investment and diplomatically engaged — and this weekend hosts the Summit of the Americas. Increasingly, Colombia is seen as South America's rising star.
Two giant ships move through the Panama Canal's two parallel channels at the Miraflores locks, heading toward the Pacific Ocean.
The orange and white Bow Summer is a tanker. The deck of the Ever Dynamic is stacked high with burgundy and blue shipping containers. More boats like these are backed up in both the Pacific and the Atlantic waiting to enter the narrow waterway.
Global trade has grown dramatically, but the Panama Canal — one of the most vital transit routes — hasn't changed its basic structure since it opened in 1914.
Thirty years ago, on April 2, 1982, Argentina invaded the Falkland Islands, leading to a short but bloody war with Britain. Argentina lost, and the islands in the frigid South Atlantic stayed under British control.
Argentina still claims the islands, however, and is pressuring Britain like never before.
On a recent day, the ornate Palais de Glace museum in Argentina's capital, Buenos Aires, was packed with visitors browsing through a collection of photographs from the Falkland Islands war.