No Saudi Oil Says Trump; Saudi Arabia Fires Back

[Sinnerman108]

What balls squeezing? Saudi Arabia has no leverage over the US. It's the Saudi prince that sucked up to Trump after he won the presidential election, this after insulting and taunting him when he was running for president.

It's the Saudis that make donations to people like the Clinton crime family for special favors, it's the Saudis that purchase billions in arms from the US. If Trump puts an embargo on the Saudis most of their military aircraft and vehicles will be sitting in storage with no spares. The US does not need Saudi money from weapons, they give away billions in arms or money every year to counties like, Israel, Egypt, Pakistan, ect.


The US is sitting massive gas and oil reserves that it has been trying to preserve under the Democrats. The US does not need anything from Saudi Arabia.

You answered your question.

Saudis are the biggest buyers of American stuff, and largest holders of investment in US.

 

[ashok321]

Saudis & Iran maintain their unique advantage of crude extraction at their lowest = 8 $ per barrel.
Even at 20 USD per barrel, they wont lose. But countries like Norway, US & UK will lose big. In fact they will shut the production.

 

[libertad]

Saudi Arabia has spent the past few years depressing their oil prices to punish Iran and Russia. They do this despite it being against their best interests. Their revenues have taken a hit which is why infrastructure projects are being delayed and some being abandoned altogether. The goverent has already admitted that it owes billions of dollars to foreign conpanies and workers. Its gotten to the point that the government is trying to replace lost oil revenues by nickel and diming their citizens with fees. It may not be long before we see them institute taxes.

All this is happening on their 'friend' Obama's watch. What are they in for with a wildcard like Trump in the white house?

Trump has already said he doesn't support regime change in Syria. How much money and political capital has KSA spent on this? They also sent billions to Egypt and Lebanon, not to mention their little adventure in Yemen. Splurging on foreign boondoggles while revenues are plummeting at home. Risky business when over 90% of government revenue is from oil.

 

[ashok321]

Saudi Arabia has spent the past few years depressing their oil prices to punish Iran and Russia. They do this despite it being against their best interests. Their revenues have taken a hit which is why infrastructure projects are being delayed and some being abandoned altogether. The goverent has already admitted that it owes billions of dollars to foreign conpanies and workers. Its gotten to the point that the government is trying to replace lost oil revenues by nickel and diming their citizens with fees. It may not be long before we see them institute taxes.

All this is happening on their 'friend' Obama's watch. What are they in for with a wildcard like Trump in the white house?

Trump has already said he doesn't support regime change in Syria. How much money and political capital has KSA spent on this? They also sent billions to Egypt and Lebanon, not to mention their little adventure in Yemen. Splurging on foreign boondoggles while revenues are plummeting at home. Risky business when over 90% of government revenue is from oil.

Its 80%
90% is export revenue.

 

[SQ8]

Just found 20 billion barrels in Texas; bye bye Saudi Arabia.

 

[ashok321]

Just found 20 billion barrels in Texas; bye bye Saudi Arabia.

http://ktla.com/2016/11/18/20-billi...moth-texas-biggest-oil-discovery-ever-in-usa/

 

[ptldM3]

You answered your question.

Saudis are the biggest buyers of American stuff, and largest holders of investment in US.

More like you did not read, so let's try again.

Saudi Arabia has been one of the largest buyers of US arms but as I said it is nothing to the US because the US gives away billions in arms and financial aid every year to various countries. Moreover, the US sells arms to dozens of countries, Saudi Arabia makes up a small portion of overall profits.


And when was Saudi Arabia the largest holder of US investments? It's China that holds the largest investments mostly in bonds, Saudi Arabia does not come anywhere near China or even the next 10 countries after China. Even if Saudi Arabia sold off a large amount of US debt, it would do nothing to an 18 trillion dollar economy. It would probably hurt its own economy more than anything.

 

[mingle]

Mr Trump will learn his lesson in international trade as soon as Saudis squeeze his balls.

Let him build trump tower at Riyad plus Golf course at jeddah he will be happy man .it would be bussiness as usual dont worry

 

[razgriz19]

Canada provides 70% of oil to US

 

[koolio]

Unfortunately Saudi Arabia doesn't have anything else to offer apart from crude oil, Saudi Arabia needs to diversify its economy like UAE, the future is looking very bleak for Saudi's.

 

[Azeri440]

What balls squeezing? Saudi Arabia has no leverage over the US. It's the Saudi prince that sucked up to Trump after he won the presidential election, this after insulting and taunting him when he was running for president.

It's the Saudis that make donations to people like the Clinton crime family for special favors, it's the Saudis that purchase billions in arms from the US. If Trump puts an embargo on the Saudis most of their military aircraft and vehicles will be sitting in storage with no spares. The US does not need Saudi money from weapons, they give away billions in arms or money every year to counties like, Israel, Egypt, Pakistan, ect.


The US is sitting massive gas and oil reserves that it has been trying to preserve under the Democrats. The US does not need anything from Saudi Arabia.

and there is Canada too

 

[Naif al Hilali]

Just found 20 billion barrels in Texas; bye bye Saudi Arabia.

Bismillah ir Rahman ar Raheem

Yes, large shale field right in the middle of the panhandle east of Midland.

Would it be cost-effective to extract it if international prices are kept below $45 a barrel?

Hifz u kum Allah

 

[SQ8]

Bismillah ir Rahman ar Raheem

Yes, large shale field right in the middle of the panhandle east of Midland.

Would it be cost-effective to extract it if international prices are kept below $45 a barrel?

Hifz u kum Allah

The infrastructure for it already exists. Basically, the equation with the US factors in the Atlantic & pacific oceans for anything below the Northerner states. Texas could essentially end up supplying a large portion of the South's oil on that field.

 

[Beast]

We will only be able to properly harness our Shale reserves after a few decades.

So for the next few decades our oil imports are going to be growing significantly. Long enough for Russia and Saudi Arabia and Iran to reap the windfall and move away from exporting oil to begin with.

Not Necessary. With more grid connected and few nuclear powerplant going to start operation. The power electric of China is going to be able to handle the increase usage due to electric car. The ratio for oil might maintain flat. The increase of import is mainly to stack up enough supply for oil reserve of 2 months. Once that is complete, the oil import will hardly increase.

China is going to switch full public electric bus in just 2-3 years time plus taxi. That will take a huge chunk of petrol demand off the road. And dont forget we have steady supply of oil from Russia and central asia too.

 

[Incog_nito]

Saudis have $750 Billion of assets in USA. I am sure other Muslim countries have too - assets in USA too!