I try to follow the world news on a daily basis. I was reading a story on msn called "Saudi Arabia rebuffs Bush on oil production". Then I came accross this part in it.
You can not strong arm another country like this to get them to increase their oil output. I know what I would say if I was the King of Saudi Arabia, and the U.S. said this to me. Go BLEEP yourself! Does anyone actually believe that if we blocked $1.4 billion in arms sale to Saudi Arabia, they would increase their oil exports????
I would think the extra $1.4 billion in arms sales would help our country by keeping jobs and food on everyones tables!
This actually has me wondering about who we have running our country???? :confused:
It will take more than one country to get oil prices back in check. Maybe they should ration how much oil each country is allowed to import?????
Strategic Reserve
Do you think the extra 70,000 barrels of oil a day we are putting in the strategic reserve will lower the price of a barrell of oil? I dont!
Here's one....Saudi Arabi exports over 3 million barrels of oil a day.
3,000,000
x $128
$384,000,000 per day!
x 356
$136,704,000,000 per year! :eek: