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Saudi Arabia Cuts Oil Output, Export: Industry Report

CNBC -- The world’s top oil exporter, Saudi Arabia, appears to have cut both its oil production and export in December, according to the latest update by the Joint Organizations Data Initiative (JODI), an official source of oil production, consumption and export data.

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Submitted Feb 20, 2012 By: Nightfellow

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Tehbob Champion Author California Posts:2,431 Points:484,780 Joined:Jan 2012	Message Posted: Feb 20, 2012 9:06:12 PM Ignore Tehbob Report Abuse drill baby drill, in oklahoma!
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Feb 20, 2012 3:11:08 PM Ignore db60 Report Abuse Pure and simple greed to jack up oil prices.
oas Champion Author Maryland Posts:4,370 Points:2,169,115 Joined:Feb 2005	Message Posted: Feb 20, 2012 9:00:48 AM Ignore oas Report Abuse I though they were going to make up for the loss of Iran's oil output.
jwalkerh Champion Author Louisiana Posts:6,197 Points:1,377,430 Joined:Oct 2008	Message Posted: Feb 20, 2012 3:05:45 AM Ignore jwalkerh Report Abuse We need viable alternatives now...not later.
vulcan96 Champion Author Ohio Posts:27,151 Points:3,127,930 Joined:Aug 2004	Message Posted: Feb 20, 2012 2:27:24 AM Ignore vulcan96 Report Abuse interesting times ahead......
Bruno44 Champion Author Texas Posts:7,222 Points:1,796,870 Joined:Sep 2007	Message Posted: Feb 20, 2012 1:46:11 AM Ignore Bruno44 Report Abuse Cut off saudi arabia.
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Feb 20, 2012 1:43:36 AM Ignore hubcapLA Report Abuse Yhey know Obozo is going to continue stopping us from using or getting our own oil plus Canada's
Vette1967 Champion Author Albany Posts:6,112 Points:1,304,675 Joined:Jun 2009	Message Posted: Feb 20, 2012 1:39:49 AM Ignore Vette1967 Report Abuse Okay.
RENEGADEGAS Champion Author Missouri Posts:15,074 Points:1,619,800 Joined:Jul 2008	Message Posted: Feb 20, 2012 1:33:37 AM Ignore RENEGADEGAS Report Abuse Thats why we need to produce more of our own oil and stop exporting it out. We have more than enough to supply ourselves. [Edited by: RENEGADEGAS at 2/20/2012 1:34:08 AM EST]
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Feb 20, 2012 1:33:00 AM Ignore 36_ACRES_4_SALE Report Abuse Ok
krobp46 Champion Author Milwaukee Posts:2,858 Points:568,570 Joined:Sep 2011	Message Posted: Feb 20, 2012 1:32:52 AM Ignore krobp46 Report Abuse Not a good idea
UseLessGasFolks Champion Author Iowa Posts:5,591 Points:1,324,525 Joined:Jul 2007	Message Posted: Feb 20, 2012 1:32:43 AM Ignore UseLessGasFolks Report Abuse Thanks "buddies". Why don't you go beat up some more women?
Prodaddy Champion Author Houston Posts:8,521 Points:1,922,885 Joined:May 2007	Message Posted: Feb 20, 2012 1:32:36 AM Ignore Prodaddy Report Abuse They wanna gouge us
jrschl Champion Author Louisville Posts:3,107 Points:708,765 Joined:Jun 2011	Message Posted: Feb 20, 2012 1:32:22 AM Ignore jrschl Report Abuse This s been some 20-40 yrs in the making. First the 70's...which should have been the main warning sign. Next up, the First Gulf War. We should have taken care of Saddam for picking on the little guy, versus just slapping his hand. Fast forward to today and we'd be in a better situation for taking care of our problems when they were the present and not after the band-aid didn't work.
bobdec Champion Author Miami Posts:9,104 Points:1,797,520 Joined:May 2008	Message Posted: Feb 20, 2012 1:30:38 AM Ignore bobdec Report Abuse NOt good if true
dslxcur Champion Author Seattle Posts:1,986 Points:1,536,210 Joined:Sep 2007	Message Posted: Feb 20, 2012 1:29:07 AM Ignore dslxcur Report Abuse DANG!........................................................................ If Not Speculation.......................................................... Manipulation................................................................. From The Hand That Feeds...........................................
OWENALOTT Champion Author Appleton Posts:2,182 Points:500,095 Joined:Apr 2011	Message Posted: Feb 20, 2012 1:27:28 AM Ignore OWENALOTT Report Abuse Interesting read
BobD2009 Champion Author Long Island Posts:7,134 Points:1,268,460 Joined:Apr 2009	Message Posted: Feb 20, 2012 1:27:15 AM Ignore BobD2009 Report Abuse A bad sign.
StrangeLuv Champion Author Kansas City Posts:3,820 Points:926,900 Joined:Jul 2008	Message Posted: Feb 20, 2012 1:25:19 AM Ignore StrangeLuv Report Abuse Not good.
heartbroken2010 Champion Author Ottawa Posts:4,490 Points:926,210 Joined:Aug 2010	Message Posted: Feb 20, 2012 1:24:49 AM Ignore heartbroken2010 Report Abuse show me the money, where is it ??
goalie1950 Champion Author Phoenix Posts:6,550 Points:1,324,120 Joined:Oct 2009	Message Posted: Feb 20, 2012 1:24:13 AM Ignore goalie1950 Report Abuse What a bunch of jerks.
Dragnet Champion Author Arizona Posts:15,553 Points:2,935,485 Joined:Jul 2004	Message Posted: Feb 20, 2012 1:23:02 AM Ignore Dragnet Report Abuse I think this country needs to import camels. At least that way we can boost the price of our exports to these clown countries to include the price of our armed forces that safeguard them. So how much do they owe us? Well according to Odummo, our armed forces, both dead and alive are all "on the house" because we are such an inferior nation that we can bow down to these clowns. You know, we wouldn't have a deficit if we sent bills to all the nations that we provide security for to include leaving behind all of our military hardware. When will Iraq pay up to include all the troops that are still in that country? What about Korea? What about Afghanistan? Oh, they claim they don't have any money, and we know that is an Ishmael lie.
kcboy Champion Author Utah Posts:4,094 Points:1,534,145 Joined:Jun 2005	Message Posted: Feb 20, 2012 1:22:25 AM Ignore kcboy Report Abuse ok
DirtDauber Champion Author San Antonio Posts:6,927 Points:1,656,135 Joined:Nov 2005	Message Posted: Feb 20, 2012 1:21:38 AM Ignore DirtDauber Report Abuse This is no surprize. They announced just this information before they did it.
roadrunnerMO Champion Author Kansas Posts:8,552 Points:1,728,140 Joined:Jul 2008	Message Posted: Feb 20, 2012 1:21:10 AM Ignore roadrunnerMO Report Abuse We threw out our alternative when we stopped the keystone pipeline. Vote OBOZO OUT IN 2012.
Mowerman08 Champion Author Milwaukee Posts:4,883 Points:1,244,230 Joined:Aug 2008	Message Posted: Feb 20, 2012 1:21:03 AM Ignore Mowerman08 Report Abuse They don't have to sell there oil if they don't want to.
jimpeel Veteran Author Colorado Posts:462 Points:109,940 Joined:Mar 2005	Message Posted: Feb 20, 2012 1:20:57 AM Ignore jimpeel Report Abuse The Saudis are not our friends and we don't reject them; but the Canadians are our friends and we reject them. Idiots at the helm of this country.
REVLAW Champion Author San Antonio Posts:10,576 Points:2,034,945 Joined:Jul 2007	Message Posted: Feb 20, 2012 1:20:19 AM Ignore REVLAW Report Abuse Okay.
2tone1 Champion Author Ontario Posts:4,478 Points:1,185,805 Joined:Dec 2009	Message Posted: Feb 20, 2012 1:18:36 AM Ignore 2tone1 Report Abuse I guess the prices aren't high enough for the Saudis yet.
Felixx Sophomore Author Seattle Posts:163 Points:1,049,260 Joined:Jan 2009	Message Posted: Feb 20, 2012 1:18:02 AM Ignore Felixx Report Abuse Let's look for alternatives!
wsoxfan999 Champion Author Illinois Posts:3,569 Points:698,565 Joined:Jul 2011	Message Posted: Feb 20, 2012 1:17:20 AM Ignore wsoxfan999 Report Abuse What about January?
blueBMW480 Champion Author Nashville Posts:818,391 Points:868,440 Joined:Jan 2011	Message Posted: Feb 20, 2012 1:16:53 AM Ignore blueBMW480 Report Abuse Why
adgam Champion Author Orange County Posts:2,269 Points:510,295 Joined:Nov 2011	Message Posted: Feb 20, 2012 1:16:36 AM Ignore adgam Report Abuse ok
jcpatriots Champion Author Massachusetts Posts:3,971 Points:624,020 Joined:Sep 2011	Message Posted: Feb 20, 2012 1:14:37 AM Ignore jcpatriots Report Abuse First Iran and now Saudi Arabia? This is NOT good.....
Ron77095 Champion Author Houston Posts:3,205 Points:631,350 Joined:Sep 2011	Message Posted: Feb 20, 2012 1:13:59 AM Ignore Ron77095 Report Abuse Ugh!
Timons All-Star Author Houston Posts:717 Points:512,505 Joined:Jul 2007	Message Posted: Feb 20, 2012 1:10:35 AM Ignore Timons Report Abuse Apparently, the Saudi's may think that there isn't enough money to be made exporting oil.
Fawkes77 Rookie Author Oakland Posts:72 Points:5,840 Joined:Aug 2011	Message Posted: Feb 20, 2012 1:10:02 AM Ignore Fawkes77 Report Abuse ....
skeeterbait Veteran Author Knoxville Posts:345 Points:247,550 Joined:May 2009	Message Posted: Feb 20, 2012 1:08:05 AM Ignore skeeterbait Report Abuse With supply down right now it shouldn't matter that much now.
zdcatc12 Champion Author Jacksonville Posts:2,147 Points:808,715 Joined:Nov 2010	Message Posted: Feb 20, 2012 1:07:41 AM Ignore zdcatc12 Report Abuse Not good.
Wizrd03 Champion Author Illinois Posts:8,293 Points:1,660,035 Joined:Oct 2008	Message Posted: Feb 20, 2012 1:07:34 AM Ignore Wizrd03 Report Abuse Time to buils the XL pipeline and get out of the middle east
Pumpz Sophomore Author Boston Posts:197 Points:887,125 Joined:Apr 2004	Message Posted: Feb 20, 2012 1:06:47 AM Ignore Pumpz Report Abuse Good thing our President is blocking a North American oil pipeline....
LoneGuy Champion Author Lansing Posts:8,615 Points:2,344,720 Joined:Aug 2005	Message Posted: Feb 20, 2012 1:04:29 AM Ignore LoneGuy Report Abuse Too bad the US has done nothing in the past three years to build our oil sustainability.
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: Feb 20, 2012 1:04:01 AM Ignore Tundralimited2009 Report Abuse friend in need...
NOGASMOOLA Rookie Author Illinois Posts:61 Points:135,710 Joined:Apr 2006	Message Posted: Feb 20, 2012 12:59:14 AM Ignore NOGASMOOLA Report Abuse ok
Tracer2008 All-Star Author Alberta Posts:540 Points:321,570 Joined:Sep 2008	Message Posted: Feb 20, 2012 12:53:41 AM Ignore Tracer2008 Report Abuse Alberta steps up to the plate
runout9 Champion Author New Jersey Posts:3,240 Points:978,145 Joined:Dec 2008	Message Posted: Feb 20, 2012 12:52:32 AM Ignore runout9 Report Abuse Such a friend!
NOGASMOOLA Rookie Author Illinois Posts:61 Points:135,710 Joined:Apr 2006	Message Posted: Feb 20, 2012 12:51:30 AM Ignore NOGASMOOLA Report Abuse INTERESTING...
pgerassi Champion Author Milwaukee Posts:11,041 Points:2,160,970 Joined:Apr 2007	Message Posted: Feb 20, 2012 12:51:10 AM Ignore pgerassi Report Abuse Demand is down and likely will stay down unless CIFs are banned outright by the world.
Teddy95 Champion Author Dayton Posts:41,290 Points:2,724,800 Joined:Oct 2005	Message Posted: Feb 20, 2012 12:47:39 AM Ignore Teddy95 Report Abuse Hummm...
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,094,825 Joined:Mar 2004	Message Posted: Feb 20, 2012 12:46:52 AM Ignore miser709 Report Abuse Yea, lets see if we can get gas to $10.00 a gallon. Maybe then we will find other means of transportation.