US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide
Green Car Congress
DECEMBER 31, 2011
They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. 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. —US EIA. million-bbl/d Tapline to Lebanon.
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