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.
- Saudi Arabia to “shift away from US” (worldbulletin.net)
- Saudi Arabia set for diplomatic shift away from US (noliesradio.org)
- Saudi Arabia’s Spy Chief: The Kingdom Is ‘Shifting’ Away From The U.S. Because Of Syria And Iran (warnewsupdates.blogspot.com)
- Saudi Arabia in diplomatic shift away from old ally US (telegraph.co.uk)