Saudi Arabia Issues Stern Warning to Trump Over Oil Import Ban

Trump has made lots of promises to change what he has described as a rigged system of the country. But will he keep his promise when it comes to Saudi Arabian oil?

2
oil import ban

The Kingdom of Saudi Arabia is an ally of the United States. The alliance is seen by many observers as that which exploits the immense oil wealth of Saudi Arabia, benefiting the United States and the few ruling elite of the conservative kingdom.

Despite the numerous gross human rights violations present in Saudi Arabia, the United States has turned a blind eye, fearing they’ll damage relations with Saudi Arabia.

oil import ban

During the political campaign period of the now President-elect Donald Trump, he threatened to cut the United States’ oil import from Saudi Arabia if elected. He took a strong stand against the country’s clandestine deals with Saudi Arabia.  “Without us, Saudi Arabia wouldn’t exist for very long,” Trump said in March 2016. Trump also said in a major energy speech that he would bring about a complete American energy independence from the country’s enemies and the global oil cabals— Organization of the Petroleum Exporting Countries (OPEC).

According to Trump, Saudi Arabia and other Arab countries should commit ground troops to fight the so-called Islamic State of Iraq and Syria (ISIS), since they are also part of the problem in the region. Trump is skeptical about ISIS. He believes the group was specially created to cause chaos and confusion while the elites continue to loot wealth in the Middle East for themselves.

And now that Trump has become the president, before he even takes the oath of office in January 2017, Saudi Arabia has started mounting pressure against him.

oil import ban

Saudi Arabia’s Energy Minister Khalid al-Falih has said the United States banning oil imports from the Kingdom – under the Trump administration – would spark serious consequences. Mr Falih admitted oil is the driving force behind the global economy, revealing that the United States benefits more from importing oil from his country.

“At his heart, President-elect Trump will see the benefits and I think the oil industry will also be advising. Energy is the lifeblood of the global economy [and the U.S.] benefits more than anybody else from global free trade,” Falih told the Financial Times in a recent interview.

Despite the soaring of oil production in states like North Dakota, Texas and Colorado, the United States still relies on a ton of crude from OPEC to feed its massive economy.

According to the most recent statistics from the United States Energy Information Administration (EIA), the country imported 3.4 million barrels of OPEC oil each day in August 2016 alone. Nearly one-third of that OPEC oil—roughly 1.1 million barrels flows from Saudi Arabia. This makes Saudi Arabia the leader of OPEC in terms of production capacity. It also makes Saudi Arabia the second-biggest exporter of oil to the United States, behind only Canada. According to the EIA, the United States imported 1.6 million barrels of Saudi oil as recently as April 2014.

Many in the current United States administration, including president Obama himself, has warned that banning imports from a specific country risks disrupting diplomatic and commercial relationships and would also violate the longstanding United State commitment to free and open energy markets.

oil import ban

Past United States administration—both Republicans and Democrats—have maintained the free and open energy markets policy, especially with Saudi Arabia.

But of course, the policy benefits the few political and business elites at the expense of the larger American public interests.

Trump made lots of promises to change what he described as the rigged system of the country. Except for his rhetoric, many Americans expect him to turn things around by getting rid of the cabals who have been sucking the wealth from the country.


This article (Saudi Arabia Issues Stern Warning to Trump Over Oil Import Ban) is a free and open source. You have permission to republish this article under a Creative Commons license with attribution to the author and AnonHQ.com.


Supporting Anonymous’ Independent & Investigative News is important to us. Please, follow us on Twitter: Follow @AnonymousNewsHQ 

 

Anonymous recommends: Click Here To Surf & Download Anonymously, Protect Yourself From Any Hackers Or Spy Agencies And Get Around Censorship Filters

 

Do you like our independent & investigative news? Then please check these two settings on Facebook to guarantee you don't miss our posts: anonymous news feed and notifications

 
 

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here