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Based on data from OPEC at the beginning of 2013 the highest proved oil reserves including non-conventional oil deposits are in Venezuela (20% of global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%).
It turns out that America's biggest source of oil, by far, is Canada. Along with Mexico, the two North American neighbors provide 39 percent of US oil imports. That goes up to 50 percent if you add in Venezuela.The Middle East, meanwhile, provides a lot less: Saudi Arabia and Iraq provide just 22 percent of US oil imports.Less than a quarter! This matters.t turns out that America's biggest source of oil, by far, is Canada. Along with Mexico, the two North American neighbors provide 39 percent of US oil imports. That goes up to 50 percent if you add in Venezuela.