I'm having a hard time figuring out why the US is still in bed with Saudi Arabia. We don't need their oil anymore and we don't agree with their, dare I say, barbaric Islamic fundamentals. Why don't we just let them fight it out with Iran and let them destroy each other?
I'm having a hard time figuring out why the US is still in bed with Saudi Arabia...
Ian Long
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Jaxon James
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Angel Jackson
Yeah, I guess I didn't state relevance here. This is referring to oil prices, I'm a laid off oil and gas worker looking to make sense of this mess.
Jaxson Cox
>we don't need their oil anymore
20 more years op and then yes the middle east will be Africa part 2: idgaf
Leo Miller
All we want is a dead Assad. ISIS has Russian funding and are Assad loyalists, so they are in our way.
Ayden Collins
From what I understand, domestic production in the US is more than enough to meet domestic demand. Is this information wrong? Feel free to share any knowledge, I'm always trying to get an objective view on things.
Luis Wood
I'm wondering: ISIS was dressed in white and Saudi Arabia in black, would we support the former?
Asher Sanchez
See, this is what I've heard. The oil prices are meant to cut off finances to ISIS. Sure, makes sense, but at what cost? Many Americans, myself included, are really sweating our financial situations. I've been through down cycles in oil before, but as a valued worker, it's never affected me. Right now I'm terrified. I can't find work that pays more than $13 an hour.
Christian Diaz
Correct, but we still get a bit from Canada because it's cost effective in some cases. If anything people want to lift the ban on exporting oil from the US. (which would only benefit oil companies and hurt working class people)
Matthew Wilson
I beg to differ. That's quite bullshit m8
Leo Ortiz
Yes, production meets demand. However, the global prices are still very much influenced by OPEC, which is spearheaded by SA.
James Morris
you're right in terms of qty but US industry can consume imported oil for less than domestically produced oil because it's cheaper from abroad. the US producers actually export US oil for a profit. US companies and US oil producers are not the same people and they are not centrally controlled by the government under a capitalist society. We don't have a micromanaging dictatorship in the US instead private companies are allowed to exist and given freedom to procure from the source that best fits their needs. As a businessman, it's something I care very much about and would fight very hard to protect against any sort of socialist or communist movement. But that's probably a better conversation for /pol/
Owen Wilson
Yes, this is true, and OPEC (Saudi Arabia) is really putting a hurt on the US financially, one of their allies who provides military support for Saudi Arabia. I'm just having a hard time understand how and why the US is Saudi Arabia's bitch.
Juan Allen
Yes, and that is always a very convoluted argument, my friend.
Joshua Sullivan
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William Torres
Wtf this is one of the most clueless posts I've ever read. Do you just make up your own news?
Luis Parker
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Jaxson Campbell
where are you guys getting the idea that the US can supply enough barrels for all of usage?
cuz what i see is 20 MBPD consumption and only 10 MBPD production.
Ayden Anderson
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Henry Rodriguez
I think you have to factor in A LOT of political consequences in the Over all OIL gas picture.Things like whose currency will be the reserve or standard.
Economic fundamentals and technicals play a large part Politics the rest. probably more than any other commodity
Jordan Martin
Take that shit to /pol/ socialist.
Blake Robinson
You are retarded. Please die.