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Saudis Fresh Prince Freaks Out About U.S. Fracking
Investor's Business Daily ^ | July 30, 2013 | IBD EDITORIALS

Posted on 07/30/2013 4:31:51 PM PDT by raptor22

Energy: A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed in the U.S. and spreading around the world. OPEC is now caught between Riyadh and a hard place.

Indicative of the panic rippling through the Organization of Petroleum Exporting Countries over the U.S.-led fracking boom, billionaire Saudi Prince Alwaleed bin Talal says his Gulf Arab kingdom needs to reduce its reliance on crude oil and diversify its revenues, lest the era of gold-plated toilets come to an end.

In an open letter to his country's oil minister Ali al-Naimi and other government heads, published on Sunday via his Twitter account, Prince Alwaleed said demand for oil from OPEC member states was "in continuous decline" as a result of the technology that has unleashed vast deposits of oil and natural gas worldwide.

In a report earlier this month, OPEC forecast demand for its oil in 2014 would average 29.61 million barrels per day (bpd), down 250,000 bpd from 2013. It cited rising non-OPEC supply, especially from the U.S.

(Excerpt) Read more at news.investors.com ...


TOPICS: Editorial; Government; News/Current Events
KEYWORDS: alwaleed; alwaleedbintalal; bintalal; carbontax; earthquakememe; earthquakemyths; earthquakes; energy; fracking; hydrocarbons; ibd; ibdfracking; kenyanbornmuzzie; marcellus; methane; naturalgas; oil; opec; petroleum; princealwaleed; saudiarabia; shale; shalegas; shaleoil
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1 posted on 07/30/2013 4:31:51 PM PDT by raptor22
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To: raptor22

Cue up the violins...


2 posted on 07/30/2013 4:32:35 PM PDT by madison10
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To: raptor22

If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.


3 posted on 07/30/2013 4:34:41 PM PDT by Fiji Hill
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To: raptor22
 
 
Waiting for someone to do one of those Hitler-freaks-out-about-fracking Youtube videos.
 
 

4 posted on 07/30/2013 4:34:59 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: raptor22

I think the Environazis are freaked out too.

Private industry blindsided them, and they are freaked out.


5 posted on 07/30/2013 4:35:00 PM PDT by Balding_Eagle (When America falls, darkness will cover the face of the earth for a thousand years.)
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To: raptor22

For those who want to see a 6 minute video showing how horizontal drilling and fracking is done, Northern Gas and Oil has done a great one.

This includes a piece on how groundwater contamination is avoided:

http://www.northernoil.com/drilling-video

Knowledge is power, keep the link and pass it on.


6 posted on 07/30/2013 4:35:46 PM PDT by Balding_Eagle (When America falls, darkness will cover the face of the earth for a thousand years.)
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To: Nachum; markomalley; Clairity; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

IBD EDITORIAL PING


7 posted on 07/30/2013 4:36:45 PM PDT by raptor22 (Visit my blog at True Conservatives on Twitter: http://t.co/IKpP3cwq)
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To: raptor22

The Fresh Prince of Bahrain.


8 posted on 07/30/2013 4:38:55 PM PDT by Old Yeller (Goodbye America. Glad the majority of my years were spent during the good days.)
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To: raptor22

Couldn’t happen to a more deserving bunch of 6th Century Neanderthals!
I understand that they are working on the new “Sand Diet.”


9 posted on 07/30/2013 4:40:27 PM PDT by vette6387
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To: raptor22
There's a tendency for us to find this humorous.  I think there's another side to it though.  While we do get perterbed with the Saudis, the truth is that nation could be much worse.

It's people are by and large a large body of whacked out Islamic adherents, whose real feelings against the U. S. are largely tamed by their government.  I know many of you can give good examples where that didn't happen.  I'm not going to deny that.  Unfortunately, in life, bad things can and do get worse.  The Shah of Iran wasn't perfect.  A lot of folks wanted him gone.  Mubarak was far from perfect.  Now look at things.  Even the somewhat mellowed out Khadaffy was replaced by a network that may yet wind up making the Middle-East much worse than it has been over the last thirty years.

We shouldn't take much glee from anything that might upset the balance of power in Saudi Arabia.  If it were to go, Jordan and other friendly nations with the West might follow.


Ramirez's latest political cartoon "daily dose" 07/30/2013: LINK




FOLKS, THOSE OF YOU WHO CAN, PLEASE CLICK HERE AND PENCIL IN YOUR DONATION TO HELP END THIS FREEPATHON.  THANK YOU!
...this is a general all purpose message, and should not be seen as targeting any individual I am respondi  ng to...

10 posted on 07/30/2013 4:45:12 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: Balding_Eagle

The real freak out for them, is that the world is not about to run out of oil. They’ve counted on that card since the early 70s.

I find this hilarious.

I was at CityWalk Universal a couple of weeks ago, and one person was talking about how oil was running out around the world. I didn’t want to be the guy who explained that wasn’t true. So I sat there and listened. ;^)


11 posted on 07/30/2013 4:47:59 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: raptor22
Diamond studded Saudi Car:

Life for the Citizens:


12 posted on 07/30/2013 4:51:22 PM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: Grampa Dave; granite; GreenFreeper; grjr21; I got the rope; IchBinEinBerliner; jaredt112; JayB; ...

IBD EDITORIAL PING


13 posted on 07/30/2013 4:55:09 PM PDT by raptor22 (Visit my blog at True Conservatives on Twitter: http://t.co/IKpP3cwq)
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To: raptor22

prince to a pauper


14 posted on 07/30/2013 4:56:15 PM PDT by molson209 (Hillary Clinton)
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To: raptor22

Fracking Muslims back to the stone age ping!

Want to buy a goat?


15 posted on 07/30/2013 4:58:10 PM PDT by hadaclueonce (dont worry about Mexico, put the fence around kalifornia.)
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To: Fiji Hill
If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.

They've been doing it for a long time. There's no profit in the tree-hugging business, how else could the tree-hugging/anti-nuke/anti-frack lobby attain such disproportionate influence?

16 posted on 07/30/2013 5:05:08 PM PDT by Spirochete (Does the FedGov have the attributes of a legitimate government?)
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To: Admin Moderator; Still Thinking; StopGlobalWhining; Straight Vermonter; Tampa Caver; TChris; ...

IBD E-D-I-T-O-R-I-A-L PING


17 posted on 07/30/2013 5:16:50 PM PDT by raptor22 (Visit my blog at True Conservatives on Twitter: http://t.co/IKpP3cwq)
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To: Fiji Hill
If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.

They fully funded the Fresh Prince of Bill Ayers, from college through the White Hut...

18 posted on 07/30/2013 5:24:50 PM PDT by null and void (You don't know what "cutting edge" means till you insult Mohammed.)
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To: Fiji Hill

Saudi Prince Alwaleed bin Talal doesn’t have to worry - Obama can appoint him to run the FBI or Homeland Insecurity.... someone has to target those ‘oh so violent’ Tea Party members....


19 posted on 07/30/2013 5:26:15 PM PDT by GOPJ (Sob stories make bad law...)
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To: GOPJ

Abu dabi detroit.


20 posted on 07/30/2013 5:41:57 PM PDT by spawn44 (MOO)
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