New York Times: US rock oil to undermine Riyadh hopes to pressure Washington

[rtl]Direction[/rtl]

[rtl]In the context of the rupture of Saudi-American relations, the New York Times questioned the capabilities of Mohammed bin Salman in targeting the US economy through the use of oil and weapons deals.[/rtl]

[rtl]The US newspaper went on to explain the inability of Saudi officials to raise oil prices to $ 100 or $ 200, which would plunge the US economy and global recession if it is achieved, and the newspaper also the ability of "Saudi Arabia" to end arms deals with the United States to go towards Russia and China, according to oil and defense experts.[/rtl]

[rtl]The newspaper's comments came in the wake of the threats launched by "Saudi" recently, which in turn was a response to the US threats to impose sanctions on the country on the background of the disappearance and killing of Saudi journalist "Khashoggi.[/rtl]

[rtl]Although Saudi Arabia remains the main producer of the Organization of the Petroleum Exporting Countries (OPEC) and can exert enormous influence on oil prices, it is no longer the superpower that American leaders feared during the era of the Arab oil embargo. "As permanent agents for the US arms industry, the Saudis can not easily switch to other defense providers."[/rtl]

[rtl]The newspaper pointed out that America has become less dependent on "Saudi Arabia" and other members of the Organization "OPEC" over the past decade, "when the madness of drilling in the rock fields in Texas and North Dakota," indicating that US oil production doubled since 2007 to 10.5 million barrels per day , After it was 5.1 million barrels per day, and America became a major source of oil for the first time in decades.[/rtl]

[rtl]This comes at a time when America imports only 800 thousand barrels per day from "Saudi Arabia", much less than the proportion of rock produced domestically on a daily basis, and much of this share to the refinery Gulf of Mexico owned by Saudi Aramco, so cutting oil Saudi Arabia, which accounts for less than 5 percent of US supplies, is hurting Aramco and cutting Saudi Arabia's revenues.[/rtl]

[rtl]America can replace oil supplies from other countries or from its own fields, according to the report. "While Saudis have a great ability to cut production and raise prices, they are unlikely to use that paper," said Jason Burdov, a professor at Columbia University and founding director of the Center for Global Energy Policy. "Yes, it will have an impact. Very negative for the global economy ... but at the same time it would undermine the reputation they have built as a reliable resource for 45 years. "[/rtl]

[rtl]As for the arms industry, the newspaper reported that "Saudi Arabia" is the largest foreign recipient of US weapons and military equipment, according to a database prepared by the Stockholm International Peace Research Institute, but while the President, "Trump" of "Saudi Arabia" an important agent for defense contractors in America , Which included its commitment last year to purchase $ 110 billion worth of US arms, much of this commitment has not yet been met. "Even if Congress continues to punish the Saudis by suspending arms sales, as it seems likely in recent days, the economic impact on America will not necessarily be painful," experts said.[/rtl]

[rtl]"In the past, we used to imagine Saudi Arabia as a fortress wall, not only in a regional alliance system, but also as a major guardian of stability in the oil market," said Amy Myers-Jaffe, Middle East analyst at the Council on Foreign Relations. Now, the success of this role is being fully questioned, and the fragility of that position has been revealed. "[/rtl]