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US, China face off for Saudi oil supplies

“They (the Saudis) were forgoing a larger (profit) they could have gotten from East Asia,” said James Placke, a senior analyst at Cambridge Energy Research Associates. “In effect it was a subsidy to the American consumer.” Skyrocketing demand in China and a shift in US-Saudi relations could make Riyadh less willing to make that trade

Daily Times Pakistan

Posted on Tuesday, September 28 @ 18:05:15 PDT by admin

Most read story about Public Policy; Political and Legal News:
ARE We Out of Gas Yet?

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