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1. PaulHoule · 1790777529 · focus · HN ↗

   The story back in the 1970s was that the global banking system was not so developed so the Saudis invested their profits from oil in the US so the money never really left the US which made the transition from domestic to imported oil much less painful for the US than it was for some other countries. The UK had it's bacon saved by

   <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;North_Sea_oil" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;North_Sea_oil

   <a href="https:&#x2F;&#x2F;www.resources.org&#x2F;archives&#x2F;gas-in-the-north-sea&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.resources.org&#x2F;archives&#x2F;gas-in-the-north-sea&#x2F;

   1. t1234s · 1790777627 · focus · HN ↗

      Read &quot;Confessions of an Economic Hitman&quot; its a good overview of how Saudi was set up.

      1. jimmySixDOF · 1790779210 · focus · HN ↗

         &quot;The Prize&quot; by Daniel Yergin is the goto history of oil &amp; gas industry worldwide

         ... but it (and TFA) still can&#x27;t explain to me a 100$&#x2F;barrel premium captured by diesel refineries recently !

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