Moreover we even have Egypt offering the Russians to put a Military base inside Egypt. Which of course the MB is Sunni. Qatar is controlled by the Sunni, Kuwait, Oman, Yemen, UAE, and Bahrain.
Become informed and I will continue to discuss the issue with you.
As to Saudi supply, I will add that it's indeterminate at the moment. There are very valid suspicions that Saudi doesn't have the reserves they have claimed but we still don't know exactly what they have in the ground.
According to the EIA: "Rising domestic supplies have curbed consumption of foreign fuel. Net imports of crude oil and petroleum products will fall to 5.4 million barrels a day by 2014, down from 12.5 million in 2005, the EIA, a unit of the Energy Department, said in the report. "
Fracking Moves U.S. Crude Output to Highest Level Since 1989 - Bloomberg
Saudi Arabia's strength is that all OPEC oil is sold in US Dollars, ergo all the big oil users have to keep humungous piles of US Dollars on hand to purchase OIL. The treaty to price OIL in US Dollars is with the Saudis. That has worked to our benefit as the World's reserve currency, creating a false demand for US Dollars and you know about supply and demand, eh? If the Saudis dropped the requirement to purchase with US Dollars, then the US Dollar would take a worldwide crap. They are also a big time purchaser from our Military/Industrial/Corporate complex. The Syria debacle has been engineered by the Saudis and the CIA and since when to we let a Monarchy run our Intelligence, or lack thereof, agencies?
REad that carefully and understand it. There is a lot of politics involved in all these reports. In fact, it should be a little embarrassing to see the obvious attempt to obscure the main issue with this paragraph.Rising crude supplies from fields including North Dakota’s Bakken shale and the Eagle Ford in Texas have helped the U.S. become the world’s largest exporter of refined fuels including gasoline and diesel. Texas pumped 2.575 million barrels a day in June, according to the EIA, enough to rank it ahead of seven members of the Organization of Petroleum Exporting Countries.
Last edited by Michael66; 10-23-13 at 12:49 PM.