Canada: A global energy superpower

**Chunder** · 24 Jan 12,, 08:03

Originally Posted by Officer of Engineers

Where the Americans would have an advantage is the pipeline that they WERE going to build and their transport costs were going to be way lower than the Chinese freighter costs ... but that is neither here nor there for Canadian oil wells. The Chinese and the Americans will be paying the exact same price either way.

A few years ago - I remember the quoted transport figure of 8c Per Litre shipped to USA via Persian Gulf on a supertanker...

**xinhui** · 24 Jan 12,, 18:03

don't put all your eggs into one Strait of Hormuz.

REFILE-UPDATE 2-China's Dec Saudi crude imports 4th highest on record | Reuters

BEIJING, Jan 21 (Reuters) - China's crude oil imports from Saudi Arabia rose 9.56 percent in December 2011 compared to a year earlier to 1.12 million barrels per day, the fourth-highest on record on a daily basis, Chinese customs data showed, as the world's top oil exporter pumped just under the 10 million bpd mark.

Data from the China General Administration of Customs showed China's Saudi imports for the whole of 2011 were up 12.6 percent at 50.28 million tonnes, or 1.01 million bpd.

That would mean Saudi supplied nearly 20 percent of total crude oil imports at about 5.08 million bpd to China, the world's second-largest crude buyer after the United States.