A year and a half ago I bought a top of the line Trailer for my backhoe, with no more than 5,000 miles (may be less than 3,000) I have had 3 blow outs already, two in the last month. It's a 10 ton trailer and I am hauling maybe 14,000. I religiously check the air pressure so forget that. Sure enough both the rims and the tires (Goodyear Marathons) are made in china. Betting that they are assemblies sent over from china, makes me wonder what else I need to b worrying about.
Saudi Arabia's target price in 2011 was 70-80 so certainly they are making good money at that price. This is from a Bloomberg article in 2011 when oil was over 100.
"Prince Alwaleed bin Talal said an oil price of $70 to $80 a barrel is in the best interests of Saudi Arabia because it diminishes the urgency in the U.S. and Europe to develop alternative energy sources."
'“We don’t want the West to go and find alternatives,” Alwaleed, a nephew of Saudi King Abdullah, said in an interview on CNN’s “Fareed Zakaria GPS,” scheduled for broadcast today. “The higher the price of oil goes, the more they have incentives to go and find alternatives.”'