US, China face off for Saudi oil supplies
Date: Tuesday, September 28 @ 18:05:15 PDT
Topic: Public Policy; Political and Legal News
“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
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