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To: Check_Your_Premises

Nice thought but the problem is that oil is a global fungible commodity.

Even if you found a source guaranteeing they were supplied with domestic oil, you are contributing to global demand and the global price of oil. To the Saudis it doesn't matter much where your oil is sourced from -- just that you're buying it.


6 posted on 07/12/2006 8:11:21 AM PDT by Uncledave
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To: Uncledave; SpinnerWebb
Even if you found a source guaranteeing they were supplied with domestic oil, you are contributing to global demand and the global price of oil. To the Saudis it doesn't matter much where your oil is sourced from -- just that you're buying it.

ding, ding, ding, ding ... we have a winner

Don Pardo, tell Uncledave what he's won for understanding how commodity markets actually work

8 posted on 07/12/2006 8:13:57 AM PDT by tx_eggman (Islamofascism ... bringing you the best of the 7th century for the past 1300 years.)
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