[Star Traveler]

Good for Saudi Arabia, doing to Iran what Obama won't!

[Democrat_media]

I think it’s Saudi Arabia’s war against U.S.A. oil producers

The threat that is Islam: the Muslim plan for world domination.

http://www.nowtheendbegins.com/pages/iran/muslims_plan_for_world_dominance.htm

[thackney]

This price plunge has been driven by Saudi Arabia,

Driven by doing nothing? They haven't raised their production levels, that is the US and to a lesser amount, Canada.

[justa-hairyape]

The drop in oil price hurts all producers cause they have fixed costs. The drop in the ruble value verses the dollar helps Russian oil producers cause they sell in dollars and their costs are in rubles.

[fatez]

Good for Saudi Arabia, doing to Iran what Obama won't!

While I understand your sentiments and agree with you, this could also backfire (the law of unintended consequences)...

With the Russian economy cratering, it might be time for Putin to prop up oil prices and his own image by starting a war. Iran may do the same. I am sure that Putin is already blaming the sanctions for his bad economy and will demagogue this issue. This may be the fuse that lights a world war...

Consumers definitely benefit as do India and China. Russian is definitely getting pounded.

[babygene]

I posted this earlier on another thread...

This is actually pretty troubling. Anybody remember the lead up to Pearl Harbor and the second world war?

For those of you that don’t, it was all about the money. Their economy was being squeezed. Russia could be very dangerous in a situation like this.

The bright spot is that it is OPEC (namely the Saudi’s) that are screwing with the price of oil to damage our production and that is hurting Russia more than so far it is hurting us.

Poking one’s finger in Russia’s eye may not be wise. Russia could very easily change the equation in their favor by sponsoring an attack by Iran on the Saudi’s.

Just saying... These are dangerous times.

[wetphoenix]

~Good for Saudi Arabia~ Ghost of Muhammed ul-Haq is calling Saudi King but he seems like busy observing Obama's bowing to him to pick up a phone. Muhammed is certainly disapponted as he would need to share his Darwin Award with another Islamonazi leader in hell very soon.