Does America Still Need the Saudis?

(TIME) - Saudi Arabia today accounts for 15% of the U.S.'s crude-oil imports, less than half the amount the U.S. imports from Canada, Mexico and Venezuela. In 1973 that figure was 25%. With promising new oil sources opening up in Russia and Central Asian states like Kazakhstan and Azerbaijan, the U.S. has alternatives it didn't have in 1973.

2002-08-01 00:00:00

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