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What would be the motivation for a boycott? That the Saudis spend their money on stupid vanity projects? In general I think this is one of the better uses of th
by SilverBirch 3y ago
What would be the motivation for a boycott? That the Saudis spend their money on stupid vanity projects? In general I think this is one of the better uses of the cash - hell, a vast amount of the money spent on this is going to flow straight out to western companies who have the experience and expertise to actually deliver these complex infrastructure projects.
Think of the alternatives, top 5 oil producing countries: US(13bb/day), Russia (13bb/day), Saudi (9bb/day), Canada (5bb/day), Iraq(4bb/day).
We all know what's currently happening in Russia. The US and Canada have good production, but they're a long way from Europe. So how exactly do you expect Eastern Europe to heat their homes during winter?
Let's be clear, they can't even really afford to boycott Russia at the moment - Russian oil is pumping out to India and getting re-badged. So the idea they'd pick a fight with Saudi Arabia seems ambitious to say the least.
- m000 3y ago> That the Saudis spend their money on stupid vanity projects? I guess over human rights transgressions. But the collective West is very selective on whose transgressions they are willing to overlook and whose not. And, indeed, at this point, in no position to play hardball with the Saudis.
- The_Colonel 3y ago> Russia (13bb/day) I wonder where do you have this number from? According to this source, Russia never reached 11bb/day, current production is ~10bb: https://ycharts.com/indicators/russia_crude_oil_production https://ycharts.com/indicators/russia_crude_oil_production
- SilverBirch 3y agoSorry that was a typo, you're right it's 10.