Saudis increase oil sales to US

Discussion in 'Energy' started by JimH52, Mar 16, 2012.

  1. JimH52
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    JimH52 Gold Member

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  2. Ariux
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    Ariux BANNED

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    Isn't it wonderful how God has blessed the global capital of Islam with the world's richest oil supply? Boy, I'd hate to be on God's bad side... probably be stuck without any oil deposits, and surrounded by enemies.

    Iran enjoying higher oil prices. But, as for Americans... can Saudi Arabia ease our pain? And, what will be the permanent damage to the American dollar as the international currency?
     
  3. Ropey
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    Ropey To Life! Gold Supporting Member Supporting Member

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    :lol:
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Data shows that the Saudi crude has been priced advantageously for U.S. buyers. Official selling prices (OSPs) for U.S. buyers, which are set by the state oil firm Saudi Aramco, have fallen to a deep discount versus Asian and European refiners, according to Reuters data.

    So here we have the Saudis dumping their oil in the U.S. at below market. Lovely.
     
  5. uscitizen
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    uscitizen Senior Member

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    Lets see if supply and demand or speculation rules.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    The earliest reference I can find to this story is 11:45am EDT, yet crude futures jumped by $2.00/barrel before the markets closed today.

    Hmm...
     
  7. sharif
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    sharif VIP Member

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    Saudi Arab are true face of Wahabi not any relation with Islam? that reasons working those fields in which hurt or give pain to I R A N ( never courage to fight against Iran ) and selling oil to USA, in this century any one want to see salves than look Saudi are real salves of Jewis
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    I gotta hand it to ya, you give even ginscpy a run for the money in the diction department.
     
  9. kirkuki
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    kirkuki Member

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    has the sanctions on Iran caused the mullahs to stop producing nukes ?
     

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