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After a period of cutting dependence on foreign oil, particularly from the Persian Gulf, imports...

  • Friday, August 17, 2012, 4:09 AM ET
    After a period of cutting dependence on foreign oil, particularly from the Persian Gulf, imports to the U.S. from Saudi Arabia have picked up, growing 26% on year to 1.45M bpd in the first five months of 2012. The rise is partly driven by the sanctions on Iran, but again leaves the U.S. increasingly exposed to the instability in the region.
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This news story has 3 comments:

  •  
    and, conversely (perversely?) saudi cut production at the end of last month.

    just when we thought we were free, they pull us back in. the saudis know us so well.
    17 Aug 2012, 06:02 AM Reply Like
  •  
    Our President likes Middle Eastern oil better then Canadian........I guess we don't need that upper XL pipeline after all.......
    17 Aug 2012, 06:36 AM Reply Like
  •  
    So we swapped Iranian oil for Saudi oil, how does that make us more dependent on foreign oil? Pumping oil out of the ground in this country has gone up in the past few years.
    17 Aug 2012, 07:56 AM Reply Like
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