Quote:
Originally Posted by blankall
A bit of a bluff. Increased oil prices would make the USA's shale and fracking resources profitable, which would also make them energy independent. The Saudi's don't want to turn their best customer into a competitor.
Both the USA and the Saudis are unlikely to upset their current arrangement.
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Since the shale boom the USA doesn't import a whole lot of Saudi oil anyway. Canada exports about 2x as much as the Saudi's as does Latin America, they pretty much only buy Saudi oil to keep the peace.
I would think China,India and Japan would be Saudi Arabia's biggest customers for oil
