US Imports Oil From China?
We now import about a million barrels of oil a day in the form of goods from China. That is, China imports the oil, uses it to make products, and we depend upon those products.Wow, that is a lot. I wonder how they estimated that.
China consumes 6.9 million barrels a day, so 15% of their "consumption" is put into products that are shipped off to the US. The US consumes 20.7 million barrels a day but it looks like you need to add another 1 to that.
via Pipeline
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