Thread: The REAL Reason for Saudi Arabia’s Shift Away from U.S. - China Has Just Surpassed th

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

Posted on October 24, 2013 by WashingtonsBlog

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 islikely to grow, according to the EIA’s October short-term energy outlook. Wood Mackenzie, a leading global energy consultancy, echoed this prediction, estimatingChinese oil imports will rise to 9.2 million barrels per day (70% of total demand) by 2020.

Forget Syria, Iran and Bahrain … the stated reasons for the Saudi shift.

Those are all real … but the much bigger driver is oil. Indeed, most geopolitical policy is based upon oil(and here) and gas.


http://www.washingtonsblog.com/2013/...-from-u-s.html

Does this mean we can stop sending them foreign aid?!