care not at all where it is NOT going, now...
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What is economically important is that THIS crude oil is primarily going to Europe, and not to U.S.
However, you MIGHT ask why China is buying more of it than we are.
And, does than matter? To whom?
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Libyan oil spreads out from the nation's ports to the rest of the world. Italy is, by far, the largest importer of Libyan oil. US imports from the country have fallen in recent years, but China, France, and the United Kingdom have all been buying more Libyan oil.
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Chart: Top Importers of Libyan Oil
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