Posted on 11/16/2016 7:20:54 AM PST by bananaman22
President-elect Donald Trump jeopardizes the global economy through his promises to block Middle East oil imports for the purpose of creating an energy independent United States, according to petrostate Saudi Arabia.
Over the course of the two-year American election process, Republican nominee Trump promised on the campaign trail to divest U.S. interests from “our foes and the oil cartels,” referring mainly to the Organization of Petroleum Exporting Countries (OPEC), of which the KSA is the largest producer and de facto leader.
“At his heart President-elect Trump will see the benefits and I think the oil industry will also be advising him accordingly that blocking trade in any product is not healthy,” Khalid al-Falih, chairman of Aramco and Saudi Aramco Oil Minister, told the Financial Times in Marrakesh, where world leader’s are currently negotiating the nuts and bolts of the landmark 2015 climate change agreement.
(Excerpt) Read more at oilprice.com ...
Be careful Trump may fire you as an Oil Producer
They’re afraid of losing their gold BMW’s and gold toilet seats and all that other fancy stuff.
I’d be pleased, not surprised, if the innovators in Texas figured out a way to deliver profitably at that price.
Now there’s somebody that can’t be bought in the WH the roaches are starting to squirm, realizing the possibilities that won’t be good for them.
What this gets us is energy security, an export to sell for trade imbalances, pressure on Saudi Arabia and Russia, and relief for Europe from Russia blackmailing them.
We shouldn't leave coal in the ground when we are the "Saudi Arabia" of coal. Us using our own coal frees up other energy for sale elsewhere. Nat Gas is flared off right now that could be sold for quite a profit. If Nat Gas is $2-$5 and Europe is buying from Russia for $10-$14 with the threat of cutting off the valve in Eastern Europe controlled by them. If Russia is boxed in from causing trouble, you know it will do the same for the ME.
I'm 65 yo and the ME has been turning screws on the world and especially the US since I was in my 20's.We need to buy from and have the infrastructure to move energy from our friends to insure protection from our enemies. Alaska, Canada, and Mexico could back up what we can't produce in the US proper. This is a once in a lifetime alignment of the stars if we just take advantage of it. If you noticed, we could have been doing this for decades now but no one seems to want to make America Great Again until now. If Trump lets this opportunity slide by, He isn't the deal maker he said he was, or he's just another politician trying to please the lobbyists. We have all 3 branches and soon will own the courts. There is no excuse this time for not securing our energy future for a hundred years right now. If you look at things like I do, you see pols, both Rep and Dem that have allowed our country to be raped by the ME and threatened by Russia when we had the solution all along. The Dept of Energy is as useful as the 3rd teat on a male hog unless they use some sort of strategy to insure the energy independence of the US. Someone remind me of ANY plan they have come up with in the last 50 years that used any kind of strategy to help the US. If for no other reason, Russia is about broke right now and a low oil price for an extended time would beak them, and I shouldn't have to remind people that the ME finances trouble all over the world with our energy money. They pay their people with oil money and it would rearrange their priorities very quickly.
Not there yet, meanwhile, we have a lot of idle rigs due to the last drop in price. That’s why Saudi wouldn’t lower production, they know we can’t produce if the price is too low. New methods are getting us more price competitive, and Saudi’s plan backfired on them as they are suffering serious budget problems. They are losing control of their region too. I have no sympathy for them.
Why is American water going to grow alfalfa for Saudi cows?
Yep, we need wise use, recovery and exploitation of ALL our natural resources, screw the environmentalist wackos and the crony capitalist fascists.
Call the bluff Trump early and forcefully. Let the world know, American interests are first and foremost now where foreign policy is concerned.
When they quit funding terrorism, then maybe something can be worked out. Till then, STFU arabs.
Because American agricultural exports provide Americans with jobs?
You’re absolutely correct. We cannot be held hostage to these terrorist wannabees.
Bet the camel hates that.
Dunno what the camels think, but I'm now looking for the brain bleach....
I read somewhere last week that the Saudi king makes $1 Bn every two days.
See my long standing tag line
LOL
When an enemy tells you what not to do... do it.
Agree. They’re buying them up so they can shut them down and drive up prices.
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