Sunday, August 07, 2005

Who's dependent? :: Chicago Boyz

Quoting:
The essential point about oil dependency is that the Saudi regime depends on oil revenues for its survival, so SA can't stop selling oil for very long. And since oil is fungible, stopping the sale of oil is the only way for SA not to sell to us -- otherwise we can always buy oil via intermediaries. So which nation is really in a vulnerable position here?

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