Re: Vance Failed. No Deal.

The week's question

In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.

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Why would the Saudis do that, vs loading at the Saudi port on the Red Sea, and pocket the port fees themselves?

Easier to serve their customers in Europe, as a pipeline that sticks out at the Med means shorter transit for tankers. You don't even need the Suez canal (another potential choke point).

The Red Sea terminal is better served for their customers in Asia.

So US reserves are depleted faster.

Bear in mind over time Venezuela also comes back online.

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