I love hearing new and unique perspectives. Today I discovered a whole new side of Saudi Arabia. Osama Bin Laden was elected in Saudi Arabia and Americans actually largely supported his election. However, "Americans are funny," some say. American leadership fluctuates so often, compared to the rest of the world, that one President's ally could be another President's enemy. There was once an oil trader whose first deal was in Saudi Arabia. He met with the King back in the 90's after meeting one of the Saudi Princes in London. The two of them wound up having a long conversation about religion, since this particular oil trader was in the ministry prior to his new profession. The king soon decided he liked the aspiring trader, picked up the phone, and told one of his ministers to give him 50,000 barrels of oil, for a start.
There are a lot of nuances to the oil business. An oil business owner must have an office in London, a line of credit from a French bank, and transport the oil using Greek carriers (at least in the 90's before Greece's tax ascent). Back in the 90's, 40 million barrels of oil were exported daily across the globe, with 20 million barrels going to the United States. Now, 100 million barrels are exported per day. To date, Saudi Arabia exports 8% of the world's oil.
With His Excellency Ambassador Abdallah Y. Al-Mouallimi of Saudi Arabia |
My fortune cookie the day before said, "listen to everyone, truth is everywhere." I couldn't agree more. At the end of the day, we all hold different and unique interpretations of scripture. Chevron was one of the first companies to find oil in Saudi Arabia some 70 years ago before Saudi was even a country. Now, Saudi uses oil to desalinate ocean water into fresh water. An impressive 30% of Saudi Arabia's national budget goes to fund education, a remarkable feat for any country. "We achieved this by first focusing on access to education. The first time we opened a school for girls, we had to surround the school with police to handle the opposition. One year later, the same protestors were trying to get their daughters in that school," said Ambassador Al-Mouallimi. The United States and Saudi Arabia have a wonderful commercial relationship, I absolutely adore the Saudi UN Ambassador, and we shake hands as Abraham's descendants.
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