Saturday, August 18, 2012

U.S. Dependence On Oil From Saudi Arabia Approaching 20 Percent

Source: Energy Information Administration

U.S. Reliance On Oil From Saudi Arabia Is Growing Again -- New York Times

HOUSTON — The United States is increasing its dependence on oil from Saudi Arabia, raising its imports from the kingdom by more than 20 percent this year, even as fears of military conflict in the tinderbox Persian Gulf region grow.

The increase in Saudi oil exports to the United States began slowly last summer and has picked up pace this year. Until then, the United States had decreased its dependence on foreign oil and from the Gulf in particular.

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My Comment: One can only imagine what would then happen if the Arab Spring arrives in Saudi Arabia .... a prospect that will probably happen one day.

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