article thumbnail

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

million-bbl/d Tapline to Lebanon. Use of the alternate routes would increase the cost of transportation. million bbl/d flow in 2009, down slightly from its peak of 14 million bbl/d in 2007. Other alternate routes could include the deactivated 1.65-million Malacca is the key chokepoint in Asia with an estimated 13.6

Oil 297