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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: ild who wrote (31577)4/15/2003 9:46:09 PM
From: Wyätt Gwyön  Read Replies (1) of 74559
 
you mistakenly assume all the money comes from US imports. actually US imports only 18% of its oil from Saudi, whereas Saudi has at least 25% of world reserves. but Saudi Arabia sells its oil in dollars to non-US customers as well. hence they would have USD to put in US banking system apart from what is obtained from US imports.

also, you seem to be unaware that a huge portion of Saudi revenues are "off budget" and unaccounted for in official records. as i said, you might want to ask their fact checkers if you think you are more informed than people who have written books about the subject, simply because you found a blurb on a website.
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