As Biden Prepares Saudi Trip, Its Oil Imports Dwindle To 8% This Year

As Biden Prepares Saudi Trip, Its Oil Imports Dwindle To 8% This Year

The value of U. S. oil imports from the world was higher in May of this year than any other month of ... [+] May since 2014, according to WorldCity analysis of U. S. Census Bureau data. But the Saudi percentage of those imports dropped almost by two-thirds in that time. The United States imported 22% of its oil from Saudi Arabia as recently as 2014, a percentage that has dropped to 8% this year, according to my analysis of the U. S. Census Bureau data released last week. That year, 2014, Saudi Arabia would go on to rank as the United States' 12th most important trade partner. In 2021, it ranked No. 30. With that in mind, certainly President Biden's somewhat controversial trip to Saudi Arabia this week should be less about oil, on track to end 2022 as the nation's leading import for the first time since 2014, and more about Yemen, human rights, and its role as a counterweight in the region to Iran. Unfortunately, that might not be the case. Americans care more about the price of gasoline than they do about continuing the Saudi ceasefire with Yemen, any role of Crown Prince Mohammed bin Salman