Thursday, May 30, 2013

Nigeria, Angola OPEC angry with Saudi Arabia

This is unique circumstances. Who is the largest provider of United States oil outside the country. The answer has always been Canada. Everyone has always said Saudi Arabia, and I would have to say Saudi Arabia has been 4th, 5th or sometimes 6th. It was always Nigeria, Venezuela, Angola, Mexico that has been filling in.

Now you have Nigeria, Angola angry. Nigeria depends absolutely on exports of crude oil to United States. Now the Saudi's have quietly usurped that position. Now once again we are beholden to middle eastern crude in unusual fashion.