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GasBuddy News Article

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Exclusive: Iran sanctions seen spurring more Saudi oil sales to U.S.

Reuters -- Saudi Arabia is preparing to extend this year's unexpected jump in oil sales to the United States, adding to speculation about the response of the world's top oil exporter to sanctions against Iran and a rally in prices.

The kingdom's shipments to the United States have quietly risen 25 percent to the highest level since mid-2008, according to preliminary U.S. government data, a sizeable leap that appears at least partly related to the imminent completion of a major expansion at its joint-venture Motiva refinery in Texas.

But some say the scale of the increase, plus other U.S. data showing Gulf Coast inventories are still subdued, suggest the potential for a political dimension as well, evoking comparisons to 2008 when the OPEC kingpin was driving up production to knock oil prices of


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Submitted Mar 16, 2012 By: BIGOILEATURCRUD
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Exclusive: Iran sanctions seen spurring more Saudi oil sales to U.S. Back to Topics
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dhdiesel
Veteran Author Riverside

Posts:400
Points:44,800
Joined:Feb 2012
Message Posted: Mar 17, 2012 3:18:28 AM

Rappcommuter, FDA and Ag Dept already control our "food"

Obama announced that he will recess appoint Islam A. Siddiqui to the position of Chief Agricultural Negotiator, Office of the U.S. Trade Representative.

Siddiqui is a pesticide LOBBYIST and Vice President for Science and Regulatory Affairs at CropLife America, an agribusiness lobbying group that represents MONSANTO.

Monsanto is also spreading their GMO seeds all over the world.
India is suing them; thousands of Indian farmers committing suicide
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NedW
Champion Author Indianapolis

Posts:7,185
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Message Posted: Mar 16, 2012 11:45:03 PM

B. Hussein Obama's ideology is doing the same thing.
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dhdiesel
Veteran Author Riverside

Posts:400
Points:44,800
Joined:Feb 2012
Message Posted: Mar 16, 2012 11:36:32 PM

The article also says,
"Data shows that the Saudi crude has been priced advantageously for U.S. buyers."
And then goes on into speculation as to why.
Hmm, what's going on behind closed doors?

In another Reuters article,
'U.S. crude oil futures
rose on Friday, ...as the dollar weakened..'

A chaotic game of global Chess where the rules are changing daily?
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Rappcommuter
All-Star Author Virginia

Posts:745
Points:822,015
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Message Posted: Mar 16, 2012 11:19:57 PM

It's nice that Saudi Arabia is willing to increase production. I'm personally not a socialist so I don't believe in the government regulating the private sector such as Capping prices, regulating speculators, or controlling where the companies sell their oil. Should the government also get involved in other areas such as controlling our food?
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Venzadriver
Champion Author Florida

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Joined:Dec 2010
Message Posted: Mar 16, 2012 8:20:39 PM

Cap prices, regulate the speculators, sell only the oil and gas we don't use on the world market and switch to algae-based bio-fuels.
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NGC4565
Champion Author Reading

Posts:5,428
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Message Posted: Mar 16, 2012 8:18:37 PM

"Whom will repost after midnight?"

Why? Are you expecting this article to disappear?
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graceman
Champion Author Baltimore

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Points:1,158,725
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Message Posted: Mar 16, 2012 8:17:36 PM

But will the prices go up or down,that is the question!
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Mar 16, 2012 8:15:02 PM


Whom will repost after midnight?
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