After more than 40 years on the throne, the U.S. is no longer the biggest oil importer in the world. In December 2012, the Financial Times reported that China had imported more oil than the U.S., and OPEC expects China to permanently take hold of the position of top importer in 2014. This transition could have wide-ranging economic and geopolitical implications. Erin Miller sat down with Fool.com contributor Travis Hoium to see what the effects will be and what companies may benefit from this development.
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
China Is Now the Biggest Oil Importer in the World
The U.S. no longer holds the title of biggest oil importer in the world.
Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends Chevron. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned




*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Related Articles





Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.