Re:Saudi Arabia threatens to ditch dollar oil trades to stop...
by ilaksh on Friday April 05, 2019 @07:08AM
(#19581409)
They are not _entirely_ dependent, no. But according to the numbers given by CNN and Wikipedia (I put links in my other comment), the US imports about 40% of its oil from Saudi Arabia.
Re:Saudi Arabia threatens to ditch dollar oil trades to stop...
by cr1895 on Friday April 05, 2019 @08:45AM
(#19581948)
Nope, just 9.4% in 2017.
https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0...
Pardon me, edited. Point being that the net oil imports the U.S. economy requires are too small to be entirely dependent on Saudi oil. As long as the KSA is selling oil, the critical factor to the American economy--oil prices--will remain roughly stable.