Donald trump is going to block Saudi oil ....well about fucking time D....finally a man with balls .....these fuckers have been holding people hostage for years with their bullshit .....
Oil cartels have become substantially rich and i mean rich withe these fucker controlling economies ....no president in America stood up to these cunts ...because they were all about oil ....
America goes to war because of oil ....that's what Saddam Hussein deal was all about ...and of course no weapons of mass destruction were ever found .....but then if you believe the WC bombing was about terrorism ...then your head in in your ass.....but that's another blog .......
Oil ....Oil .......Haiti has no fucking oil ...America does not help them fuckers much ...America only cares when it comes to oil ......oil dependency .....well maybe Donald is about to teach those middle eastern fuckers a lesson ..as long as he does not mess with belly dancers and middle eastern restaurants .......
America was getting lazy .....bad presidency ....leniency towards influx of people who don't care .....married men get lazy ......because they don't need to worry they are married ....so they get comfortable .......some men work at it ,,,,,because they want to keep it interesting .....when you start a fire ....you to to keep it burning .....or the wife goes downhill .....
Now there is a N.K.O.T.B.....hopefully old habits will die hard ....or maybe not .....but at least we have a real man heading the ship ......America was being laughed at a joke ....now the laughter's may have to take this man seriously .......
I have always said America is a business not a country ....now we have a business man taking over instead of a paycheck pandering refugee sensitive lenient pathetic man ....he is only doing a paychecks worth .....
Donald trump is not taking the paycheck....proves he is a player ....don't hate the player ...hate the game .....
Saudi Minister of Energy, Industrial and Mineral Resources Khalid al-Falih arrives for the opening ceremony of the Qatari and Saudi Economic Forum on November 6, 2016 in Riyadh. (Photo FAYEZ NURELDINE/AFP/Getty Images)
Imagine making the world’s largest oil exporter sweat it out, even before you take office. That’s exactly what Donald Trump is doing. The president-elect has said repeatedly that the U.S. needs to block all oil imports from Saudi Arabia.
During his campaign Trump vowed to secure U.S. energy independence from “our foes and the oil cartels,” while also creating “complete American energy independence.”
However, on Wednesday, Saudi Arabia’s oil minister fired back. Khalid Al-Falih, also the chairman of Aramco, said in aninterview that “at his heart President-elect Trump will see the benefits [of Saudi oil imports] and I think the oil industry will also be advising him accordingly that blocking trade in any product is not healthy.”
“The U.S. is sort of the flag-bearer for capitalism and free markets,” Al-Falih added. “The U.S. continues to be a very important part of a global industry that is interconnected, that is dealing with a fungible commodity which is crude oil. So having equalization through free trade is very healthy for oil,” he said.
The Saudi oil minister added that Saudis are waiting for Trump’s presidency, as his presidential campaign had amounted to “50,000 feet announcements” that may change.
Despite the U.S. shale oil boom, which has made it the third largest global crude oil producer, the country still relies heavily on Saudi crude imports. Saudi Arabia is the largest Middle Eastern oil supplier to the U.S. with an 11% market share and has also invested heavily in U.S. downstream assets (refineries) to help lock in that supply. Around 31% of all U.S. oil imports are from OPEC members, while Canadian oil imports have a 41% share.
Saudi Arabia for its part, has been hit particularly by the more than two-year roil in oil markets. As oil prices have tanked from $115/barrel in mid-summer 2014 and are now hovering in the mid $40s range, Saudi Arabia has run record budget deficits of $98 billion last year and $87 billion forecasted for this year. Foreign reserves are also dwindling as the central bank props up the economy.
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The downturn in oil prices and lost oil revenue is also forcing Riyadh to put in place politically unpopular austerity measures, as well as raising $17.5 billion in international bond sales last month, with little end in sight until OPEC and major non-OPEC oil producers can agree on a substantive and lasting oil production cut.
