Venezuela: Country Analysis Brief, 2014

"Venezuela is one of the world’s largest producers and exporters of crude oil. It has consistently been

one of the largest exporters of crude oil in the Americas. As a founding member of the Organization of the Petroleum Exporting Countries (OPEC), Venezuela is an important player in the global oil market. hile production has been declining, Venezuela exports of crude oil to the United States have been among the top. In recent  years,  through significant upfront investments, an increasing share of  Venezuela's exports have been delivered to China and India..."

Venezuela and Energy

U.S. Rail Transportation of Crude Oil

"North America is experiencing a boom in crude oil supply, primarily due to growing production

in the Canadian oil sands and the recent expansion of shale oil production from the Bakken fields

in North Dakota and Montana as well as the Eagle Ford and Permian Basins in Texas. Taken

together, these new supplies are fundamentally changing the U.S. oil supply-demand balance. The

United States now meets 66% of its crude oil demand from production in North America,

displacing imports from overseas and positioning the United States to have excess oil and refined

products supplies in some regions..."

U.S. rail/crude transportation