Quote:
Originally Posted by Rekna
if OPEC tried that the US would stop exporting to those countries and importing other things from them. So would much of the rest of the world i'd imagine and OPEC would crash and burn fast.
Not only that but Saudi Arabia will always have oil for us as long as we keep helping them opress their people.
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It doesn't look to me that Saudi Arabia would be signifigantly set back as
far as imports and exports if they stopped doing business with the U.S.,
in comparison to what the iimpact would be to the U.S. It would also be
a convenient time for the Saudis to switch to the much more financially
sound Euro as the principle currency that it accepts for purchase of it's oil.
Quote:
<a href="http://www.cia.gov/cia/publications/factbook/geos/sa.html">http://www.cia.gov/cia/publications/factbook/geos/sa.html</a>
Saudi Arabia Exports-
$86.53 billion f.o.b. (2003 est.)
Exports - commodities:
petroleum and petroleum products 90%
Exports - partners:
US 20.9%, Japan 15.6%, South Korea 9.8%, China 5.6%, Singapore 4.2% (2003 est.)
Imports:
$30.38 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles
Imports - partners:
US 9.5%, Japan 7.7%, Germany 7.4%, UK 6.2%, China 4.4%, France 4.2% (2003 est.)
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