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The Kingdom of Saudi Arabia is capable of selling oil at below market price to select customers for political reasons, or of just giving oil to the US military, as during GHW Bush's Operation Desert Storm, if it sees vital royal interests being at stake.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Dec 7th, 2010 at 01:17:59 PM EST
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Yeah, but that won't create a big drop in oil prices for anybody outside the military.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Dec 7th, 2010 at 10:51:33 PM EST
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