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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (150626)	8/28/2002 7:35:12 PM
From: TimF	Respond to of 1585451

Therefore, I don't see how the Saudis would suffer as badly or worse than we would. There entire economy is based on oil sales with little else to subsitute in case of disruption either for the short or the long term. Our economy is large and diversified and we produce a big chunk of the oil we need ourselves. In the long run if Saudi oil is cut off we find some more and conserve more, in the long run if Saudi can't sell oil to us they just suffer. In the short run the Saudi's may be able to ride out the disruption better but they are in a lot of debt and they need the oil income to service the debt as well as to buy off internal opposition so I'm not even sure of that. Tim