What If Saudi Arabia Sold The Us Free Oil? How Could That Affect American Oil Markets?

define who ?the us? is in your question after which we will speak an answer to the i will-worded query. As already cited, if SA ?offers? the oil than no sale is made; if SA sells the oil then, regardless of the price, it ain't free. currently SA sells oil to US companies who refine it and promote the products. If it gave the oil to those identical agencies, it would growth their earnings. As quality i will decide from the EIA, SA presents approximately one million bbls a day of the 8 million imported. therefore their customers would get a mean windfall of about one 8th of their day by day income growth. speakme extra normally, that would be pretty much one one-hundredth of the worlds intake. that could appear to me too little to make tons dent in the international fee but would make for some fierce knock down and knock out battles among the Saudi?s customer for one and every other among the us refiners for every other. you could have simply started the first bodily corporate conflict. Read Also : Is Turkey better than Saudi Arabia?