I heard someone say, this week, that we buy ALL of Mexico's oil. Can anyone verify that? That, to me, puts us at the receiving end of anything Vicente-baby wants to dish out.
I don't know about that but I did read that we buy 60% of Venezuelas oil which is 13-15% of our total oil imports. So, Chavez has a lot more to lose than us if that relationship goes sour. However, Venezuela has more proven oil reserves than the US, Canada and Mexico combined and are the world's 4th largest oil exporter.