The REAL Reason for Saudi Arabia’s Shift Away from U.S.

Washington’s Blog -

China Has Just Surpassed the U.S. As World’s Largest Importer of Oil

Saudi Arabia has warned of a shift away from the U.S.

Here’s the real reason: China just dethroned the U.S. as the world’s largest importer of oil.

As Oil Price notes:

Last month the world witnessed a paradigm shift: China surpassed the United States as the world’s largest consumer of foreign oil, importing 6.3 million barrels per day compared to the United States’ 6.24 million. This trend is likely to continue and this gap is likely to grow, according to the EIA’s October short-term energy outlook. Wood Mackenzie, a leading global energy consultancy, echoed this prediction, estimating Chinese oil imports will rise to 9.2 million barrels per day (70% of total demand) by 2020.

 

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One Response to The REAL Reason for Saudi Arabia’s Shift Away from U.S.

  1. patrick walsh October 26, 2013 at 7:40 pm

    Saudi is not moving away from the us…..that a con, Saudi are in bed with the bushes and the rest of the establishment. Most of the funding for the rebels and terrorists is being funded through Saudi Arabia, via the US, via Big boss ISRAEL, The US, Israeli lobby built Saudi Arabia and has a long standing agreement to continue in bed with each other for the destruction of the middle east for the sole purpose of gratifying the Zionist war mongers…

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