- Mar 27, 2012
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- #321
Are we not buying oil from Saudi Arabia? If American companies have excess, and this is what is being sold to overseas clients/nations, why are we still buying oil from Saudi Arabia or anywhere in the hot bed of the middle east?you implied that there was something wrong with the oil companies selling their excess production to foreign countries, maybe I misunderstood.
Because we still use more than we produce.
Under Trump, however, we produce enough that OPEC can no longer cripple us if they pull another embargo.
I vividly recall the Gas Lines of the early 70's. No fun. At all.
Under Trump, OPEC just doesn't have that kind of power anymore.