Friday, April 3, 2015

These Are The Chokepoints That Are Critical To The World's Oil Trade

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Business Insider: These 8 narrow chokepoints are critical to the world's oil trade

Over half of the world's oil supply moved through set maritime routes in 2013, according to the US Energy Information Administration (EIA), often aboard massive tanker ships. To minimize costs, tankers transport oil along established paths that are as short as possible. Many pass through a small handful of maritime chokepoints.

Altogether, there are eight major oil chokepoints throughout the world, and a closure or disruption to any one of them could cause unpredictable price fluctuations. Fortunately, these locations are generally safe and are kept clear by the international community, whose economies and standards of living depend on these chokepoints remaining clear.


WNU Editor: I suspect that every government in the world knows about these "chock points" (oil traders and speculators included) .... and everyone of these "choke points" have a major military concentration from more than one country.

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