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Canada: A global energy superpower
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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.“the misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all” -- Joan Robinson
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