{"id":52712,"date":"2010-03-20T20:02:26","date_gmt":"2010-03-21T04:02:26","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=52712"},"modified":"2010-03-20T20:02:26","modified_gmt":"2010-03-21T04:02:26","slug":"china%e2%80%99s-growth-shifts-the-geopolitics-of-oil","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2010\/03\/china%e2%80%99s-growth-shifts-the-geopolitics-of-oil\/","title":{"rendered":"China\u2019s Growth Shifts the Geopolitics of Oil"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2010\/03\/20\/business\/energy-environment\/20saudi.html?partner=rssnyt&#038;emc=rss\">The New York Times looks <\/a>at how Chinese demand is rejuvenating Saudi Arabia&#8217;s oil export market:<\/p>\n<blockquote><p>\nWhile China\u2019s successful economic policies paved the way for a quick rebound there, the recession caused a deeper slowdown in the United States, slashing oil consumption by 10 percent from its 2005-7 peak. As a result, Saudi Arabia exported more oil to China than to the United States last year.<\/p>\n<p>While exports to the United States might rebound this year, in the long run the decline in American demand and the growing importance of China represent a fundamental shift in the geopolitics of oil.<\/p>\n<p>\u201cWe believe this is a long-term transition,\u201d Mr. Falih said in a recent interview. \u201cDemographic and economic trends are making it clear \u2014 the writing is on the wall. China is the growth market for petroleum.\u201d <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The New York Times looks at how Chinese demand is rejuvenating Saudi Arabia&#8217;s oil export market: While China\u2019s successful economic policies paved the way for a quick rebound there, the recession caused a deeper slowdown in the United States, slashing oil consumption by 10 percent from its 2005-7 peak. As a result, Saudi Arabia exported [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2],"tags":[2096,262,2026],"class_list":["post-52712","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","tag-energy-demand","tag-oil","tag-saudi-arabia","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China\u2019s Growth Shifts the Geopolitics of Oil<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2010\/03\/china\u2019s-growth-shifts-the-geopolitics-of-oil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Growth Shifts the Geopolitics of Oil\" \/>\n<meta property=\"og:description\" content=\"The New York Times looks at how Chinese demand is rejuvenating Saudi Arabia&#8217;s oil export market: While China\u2019s successful economic policies paved the way for a quick rebound there, the recession caused a deeper slowdown in the United States, slashing oil consumption by 10 percent from its 2005-7 peak. 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