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 ...
How about this, we won’t stop taking your oil if you WILL STOP with the Wahhabi proselytizing around the world. We will treat you like a good neighbor if you quit trowing stones at our windows!
With the new find in the Permian basin, and the Bakken fields we won’t need Saudi oil. We get most imported oil from Canada anyway.
We don’t need any Saudi Oil, When this game gets rolling we will be Producing more Energy Products than ever imaginable. We don’t need SHARIA COMPLIANT OIL
The faster the decadent Wahhabi supporting Saudi royal family goes into extinction, the safer the world will be. Saudi Arabia is the font of Islamic terrorism. The bought the Bushes and the Clintons, hopefully Trump does what he says.
They’ll be kissing his ring before he bows to them - what a refreshing change of events.....
Trump is unlikely to block them. He’ll just tariff all imports. And that will make marginal producers in the U.S. more profitable and people will go back to work.
Bet the camel hates that.
Excellent idea
They can compete with the USA for these markets
Adam Smith's invisible hands clapping.
I’m not sure this is a “warning” as much as it is a call to attention that the world trade is heavily tied to the “petro-dollar,” our dollar. If the dollar is replaced with say, the Chinese Yuan, there’s nothing to connect it to a stable, standard, global economic market. It could become as impotent as the franc. Freeconomists, am I on point?
We’ll let the markets tell the Saudis where to go.
America will develop our own resources and benefit accordingly.
We wouldn’t be producing any oil here at $2 barrel.
Just exaggerating to make a point.
Give us oil at 20.00 per barrel
True.
Ok. I live in West Texas so comment about $2 a barrel oil is met with swiftly.
1) Restart the coal-fired electric power plants, and start planning some new nuke plants.
2) Stop using natural gas for electric generation.
3) Expand use of liquefied natural gas (LNG) as a truck fuel, thus making better use of domestically-produced NG, and having less reliance on oil.
Be careful Saudi, we might just drone your a$$.
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