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> 2) Our (US) reliance on Saudi Arabia will diminish as there are now two powers in the region to work with. One can hardly talk about US reliance on SA nowada
by JanezStupar 11y ago
> 2) Our (US) reliance on Saudi Arabia will diminish as there are now two powers in the region to work with.
One can hardly talk about US reliance on SA nowadays. US imports only 24% of its petroleum[1]. Only 13% of which comes from SA[2].
The fact that US reliance on foreign petroleum has fallen from 60% to 24% and is projected to fall to less than 10% in the next couple of years is IMO the reason why the Iran deal was possible at all. SA had no say in it.
[1]: http://www.eia.gov/tools/faqs/faq.cfm?id=727&t=6 http://www.eia.gov/tools/faqs/faq.cfm?id=727&t=6
[2]: http://www.eia.gov/forecasts/steo/report/us_oil.cfm http://www.eia.gov/forecasts/steo/report/us_oil.cfm