[Homo_homini_lupus]

Official release from the Saudi embassy in D.C.

So... They continue to increase production, while selling us less and less. Which means the oil is going to... China?

[Homo_homini_lupus]

Ping!

[lyingisbetter]

You think the Saudis want Kerry to win?
Raising oil prices? I know it's not as simple as they don't need the money.
Maybe it is that simple?
They should eat the difference and write it off on the defense of their country. That is what the United States is to them. Don't they know?

[Necrovore]

Doesn't Mexico have a good amount of oil? I am surprised that we have not told Vincente Fox to sell us more oil, considering we are taking in all of their unwanted citizens(mostly as illegals). Is Saudi selling us less? I'm not sure about that. I think they are jacking up the prices to pay their terrorist and fund their operations against our troops.

[dirtboy]

So... They continue to increase production, while selling us less and less. Which means the oil is going to... China?

It really doesn't matter where it goes - as long as the supply increases faster than the demand, the price should drop.

[maui_hawaii]

The $50 mark I think is the spot rate for oil. Anyone with a brain isn't paying that for it, but rather have locked in long term contracts already.

I'm sure there are some oil men here on FR somewhere...

BTW Where did you see a decrease in volume sales to the US?

Link

Starting 13 lines down you can see the numbers... although that doesn't have 2004 numbers posted yet I am sure we can find YTD numbers if you want...