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To the Kingdom Come – Seeking Energy, Security, and Balance in the Middle East
DEVELOPMENTS From this year forward, longtime U.S. ally Saudi Arabia will supply more oil to China than the U.S. In 2010, the Middle East and Saudi Arabia accounted for 18 percent and 12 percent of U.S. crude oil imports, respectively. That same year, 46 percent of China’s crude oil imports originated in the Middle East and 19 percent came from the Kingdom of Saudi Arabia . While U.S. demand for oil has plateaued, China’s demand is expected to increase rapidly for at least the next two decade
September 18, 2011
Jason Fisher
U.S. vs China Around the World - September 2011