Quote:
Originally Posted by boxcar
I never said the U.S. would "need" Saudi oi; but what about the rest of the world? Would they need Saudi oil? What if 1/3 or so of OPEC's oil export's were held hostage by Iran or some other whack job state? Would that impact global oil prices? (Probably not much, huh? Maybe a nickle or so at the pump?) 
With all due respect, I think you're suffering from a touch of [mental] myopia. |
I addressed it. They just buy it elsewhere. The Saudis control price through manipulating the production of oil. There is no global shortage of the stuff.
I just said it's unlikely that a conflict like that spills into some major world war. I fail to see how it would. Just saying Saudi Arabia produces lots of oil isn't a reason the world would be picking teams in a regional and internal religious war. Certainly not Israel and likely many others.
A proxy war is much more likely. See Syria.
