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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (173238)8/5/2003 12:29:54 AM
From: tejek  Read Replies (1) of 1575420
 
Ted, As for China, I am unclear what you mean.......the world price of oil doesn't vary from country to country.

Supply and demand. If we stop buying Saudi oil because of political issues, they're going to sell it to other customers at reduced prices, such as China and the EU.

That's not true........on any given day, the amount of oil is fairly finite. If we refused to buy oil from the Saudis, then we will have to buy it from someone else. The overall supply remains the same and the Saudis will get the same amount of money whether they sell it to us or to China.

It doesn't matter how liberal and oil-independent the EU is, for they'll take cheaper oil any day of the week.

I suppose you're right.....if its offered.

ted
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