Friday, August 17, 2012

US Reliance on Saudi Oil Heads Back Up

HOUSTON — The United States is increasing its dependence on oilfrom Saudi Arabia, raising its imports from the kingdom by more than 20 percent this year, even as fears of military conflict in the tinderbox Persian Gulf region grow.

The increase in Saudi oil exports to the United States began slowly last summer and has picked up pace this year. Until then, the United States had decreased its dependence on foreign oil and from the Gulf in particular.

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