Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tenchusatsu who wrote (173238)	8/5/2003 12:29:54 AM
From: tejek	Read Replies (1) \| Respond to of 1575036

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