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Old 11-07-2021, 10:18 AM   #3187
Lanny_McDonald
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Did you read the linked article?

"EIA expects that increasing crude oil imports will drive the growth in net petroleum imports in 2021 and 2022 and more than offset changes in refined product net trade. EIA forecasts that net imports of crude oil will increase from its 2020 average of 2.7 million barrels per day (b/d) to 3.7 million b/d in 2021 and 4.4 million b/d in 2022."

What is cool is US imports of Saudi oil is down to 1975 levels, and for the first time in 35 years the US had a week at the start of the year where we did not import any oil from Saudi Arabia (OPEC). Trust me, I think its wonderful that we're doing everything that we can to get off the Saudi teet, but we still rely on them as our second most important source of foreign oil, with Canada still being number one. Interestingly enough, Russia is number three, ahead of Mexico. Thought that was an interesting tidbit for conversation.

I think also missed here is the fact that the US is very much invested in Saudi Arabia as a strategic partner in the Muslim world. The US still has Saudi bases and uses them to project their power throughout the region. Without those bases the US wouldn't have much influence in the region.
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