By the end of November the US had already imported more than 450m (million) barrels of crude from Saudi Arabia, more than it imported from Riyadh in the whole of 2009, 2010 or 2011, according to figures from the US energy department. For the first time since 2003, Saudi imports accounted for more than 15 per cent of total US oil imports. The Gulf as a whole accounted for more than 25 per cent, a nine-year high. Other Gulf exporters are also seeing unusually strong US demand. By the end of November, Kuwait had shipped more oil to the US than in any year since 1998.
Can someone explain why this shift to further reliance on Mideast Oil sources is occuring? Is especially perplexing since we seem to produce lots of energy resources internally so I would think overall imports would be falling. So other sources we used to rely upon are taking a double hit it seems. It just doesn’t add up.