To the Kingdom Come – Seeking Energy, Security, and Balance in the Middle East
By Jason Fisher
Sep 18, 2011
Sep 18, 2011
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% and 12% of U.S. crude oil imports, respectively. That same year, 46% of China’s crude oil imports originated in the Middle East and 19% 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 decades.
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