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U.S. has spent $8 trillion protecting Straits of Hormuz
Posted By -NO AUTHOR- On 05/10/2013 @ 1:49 am In U.S.,World | No Comments
(OilPrice) A group of nine student journalists from the Medill National Security Journalism Initiative have created a website as part of a project to report on the US energy security situation. An incredibly interesting article on the site, and written by Dana Ballout, looks at how oil travels around the world on the seas, and where the vulnerable choke points are.
The Strait of Hormuz is the busiest passageway for oil tankers in the world, with over 17 million barrels (or 20% of the total world supply) moving through the narrow stretch of water each day. Disruption to this flow could severely damage global oil markets and so protecting the straits is an important job; and one of the most critical that the US Navy carries out.
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