Saudi Oil Dependency
Posted by Moonage on 06 Aug 2005 | Tagged as: Oil Policy
EU Rota has an article that I think is a riot to read. Basic summary, toss in this headline:
Why America Is More Dependent Than Ever on Saudi Arabia
By JAD MOUAWAD Published: August 6, 2005
With this context:
The American turnout, led by Vice President Dick Cheney, former President George H. W. Bush, and former Secretary of State Colin L. Powell, was the latest signal that relations between the two countries have thawed since the strains of 9/11. But it was also an acknowledgment of a simple fact: like it or not, the United States is more dependent than ever on Saudi Arabia
And you get a pretty clear picture. Heck, the New York Times even throws in a couple of graphs:
and:
Pretty damning evidence huh?
Well, not quite. They show the total volume exported to the US, and then the total volume of Saudi production. What they don’t show is how much the US gets from other places. Wonder why that is?
Because we’re importing faster from Canada, Mexico, United Kingdom, Netherlands, Russia, and several other countries than we are Saudi Arabia. Bush hasn’t sold out to Saudi Arabia as the story pretty much states. If anything, Bush is selling out to Canada and Mexico. Sure don’t hear anyone complaining about that now do you?
Nice catch again from the pajama army.
You would think major media would have figured out by now that they really need to check their stuff before printing it. You would, wouldn’t ya? It just amazes me that they keep bitching about declining sales and revenues, and can’t figure out why it is those sales are declining. That in itself should give the remaining paper readers a clue.
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