Signing Your Economic Stimulus to the Saudis, Part II

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MXajWYaPlySsZXhMM of 1:02PM August 10, 2009

Hi. Good news.

Gordon of LA 11:26AM December 24, 2008

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flow1800 of NM 10:10PM July 30, 2008

That yes, Will puts it very well. The higher prices we are paying flow to all producers -- all oil nations and oil companies -- no matter where the physical commodity came from that we happen to be putting in our tank today.
My point is that this is spending that is not stimulating our economy but sapping it.

Marianne Lavelle of DC 12:05PM March 04, 2008

Bartman, that very little of the physical oil from Saudi Arabia will show up in your tank isn't really that relevant. Oil is traded on a world basis, so the money going into the system doesn't care where it goes and the oil coming out doesn't care where it is from.
If demand increases in the US or in China or in New Zealand for that matter (if they all started driving Hummers), it affects the price everywhere and the money will go, yes, into the pockets of the Saudis (and Venezuelans and Texans, and so forth)

Will of CO 11:20PM March 03, 2008

The message is the premisis.
Disregarding the Saudi misnomer, the message is quite clear. I think a tag of "nonsense" is diluting where a correction would serve better for clarity.

John Ray of GA 12:45PM March 03, 2008