VOL. XLV

No 40

7-October-2002

SUPPLY/DEMAND

TheGrowing US Reliance OnRussian Crude

The following article is an editedversion of a report by Poten&Partners, New York,published on 13 September.

In the past, USdependence on Russia oil wasnegligible, and any mention of the US becomingdependent on it would have been dismissed out of hand. However, US imports ofRussian crude have been growing, and in the future they are expected toincrease in significance. The following table illustrates the...