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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (5553)10/16/2001 12:44:36 PM
From: Original Mad Dog  Read Replies (1) | Respond to of 281500
 
There was a report yesterday that worldwide demand for oil has shrunk by more than a million barrels a day, leaving OPEC scrambling to figure out how to prop the price up, since they always cheat each other on the agreed production quotas.



To: Michael Watkins who wrote (5553)10/16/2001 12:53:57 PM
From: HG  Read Replies (1) | Respond to of 281500
 
Ummm.......

It gets pretty murky when you pursue that line of thought....It'd be US against the world.

Where'd Europe and Asia get their oil from if US declared oil embargo on ME countries and expected allies to follow thru with the embargo...?

OTOH, I confess to not really being very knowledgeable about the distribution of Arabian Oil over the world...so maybe you have a point there <g>


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