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Nevermind U.S. shale, Saudi Arabia’s oil power play targets Iran’s economy
Financial Post ^ | Updated: Dec 27 7:00 AM ET | Diane Francis

Posted on 12/27/2014 6:40:43 PM PST by Red Steel

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1 posted on 12/27/2014 6:40:43 PM PST by Red Steel
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To: Red Steel

Looks like the Saudi Wack Jobs and the Iranian Wack Jobs are at swords’ points over which bunch of Muslim Wackos will take over Dhimmiland.


2 posted on 12/27/2014 6:43:54 PM PST by ZULU (Quo usque tandem abutere Obama patientia nostra?)
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To: Red Steel

Now that the US is becoming oil independent again, the big hog at the mideast oil trough is gonna be China.

You know, those lovable folks with Mafia business practices and 1.5b expendable people to enforce them.

Quality of life for the towelheads is gonna decline significantly over the next decade.


3 posted on 12/27/2014 6:43:59 PM PST by nascarnation (Impeach, Convict, Deport)
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To: thackney

Comments?


4 posted on 12/27/2014 6:44:56 PM PST by gov_bean_ counter (Romans 1:22 Professing themselves to be wise, they became fools)
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To: nascarnation

All predicted in Revelations.


5 posted on 12/27/2014 6:47:23 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Please be specific.


6 posted on 12/27/2014 6:51:35 PM PST by Fungi (There is more to Fungi than the eye can see.)
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To: Red Steel

Bookmarked.


7 posted on 12/27/2014 6:54:16 PM PST by Inyo-Mono (Just say NO to Bush in 2016.)
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To: Fungi

Iran is “forced” to nuke Israel after economic meltdown caused by Saudi oil manipulation. All we need is the anti Christ and were all set to go.


8 posted on 12/27/2014 6:57:40 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Red Steel

The western world and Saudi Arabia is at war with Russia and Iran.


9 posted on 12/27/2014 7:05:00 PM PST by Oliviaforever
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To: nascarnation

Don’t believe the title for even a minute. Saudi can have more than one target. Kill 2 birds with one stone just makes it more fun for them.

If this author believes Saudi isn’t also trying to stop US fracking/oil, then he’s crazy naïve.


10 posted on 12/27/2014 7:13:07 PM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: central_va

Try again. God will not allow Israel to be nuked.


11 posted on 12/27/2014 7:17:54 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: Red Steel
But what are the Saudis up to and are they powerful enough to control prices? This week the Saudi minister blamed low prices on oversupply from North America. But that is simply trash talk.

SA is producing less oil in 2014 than they did in 2013. The US is producing more oil than they did in previous years.

Anybody can look these statistics up.

The article is "simply trash talk".

12 posted on 12/27/2014 7:42:04 PM PST by FreeReign
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To: central_va

There’s nothing in the Bible that indicates a nuking of Israel.


13 posted on 12/27/2014 7:49:19 PM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: Red Steel

I’m not for the forced regulation of energy we’ve seen under the Obama admin. However, I look forward to the day when the next big thing in energy comes along and these ragheads can go pound the sand on which they dwell.


14 posted on 12/27/2014 8:14:20 PM PST by edpc (Wilby 2016)
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To: Red Steel

This article is disinformation.

Note first that the Saudis are the wealthiest nation in the Middle East and their money has bought them a lot of shares in international media. They know how to use the media to their advantage.

Second, if the Saudis wanted to destroy Iran’s poor economy, they could have done it a long time ago. But by having their press churn out a narrative that they are letting oil prices fall in order to punish Iran, it makes them like the good guys to Europe and the USA.

What the Saudis are really after is US Fracking emergent oil production. The have said so in years past (see link below) and now they are doing something about it.

It costs Saudi Arabia less than $20 per barrel to extract oil out of their ground. It costs USA oil producers between $35 and $50. The best way to counter the Saudis and preserve hundreds of thousands of American jobs and hundreds of companies related to the shale oil industry is to put a floor of about $35 on imported crude so that US oil production can survive.

From the mouth of the Prince of Saud himself:

“New shale oil discoveries “are threats to any oil-producing country in the world,” said Prince Alwaleed in an interview with The Globe and Mail. “It is a pivot moment for any oil-producing country that has not diversified. Ninety-two percent of Saudi Arabia’s annual budget comes from oil. Definitely it is a worry and a concern.””

http://cnsnews.com/news/article/michael-w-chapman/saudi-billionaire-prince-fracking-competitively-threatens-any-oil


15 posted on 12/27/2014 8:15:14 PM PST by Hostage (ARTICLE V)
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To: central_va

Iran will never be able to nuke Israel. If they ever actually are able to build one the Israelis will encourage a nuke “accident” in Iran with their own bomb.


16 posted on 12/27/2014 9:27:52 PM PST by X-spurt (CRUZ missile - armed and ready.)
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To: X-spurt

Israel is the big winner of less Arab oil money to end up in terrorist hands and fund Pally Hamas, Hezbollah groups military goals.

Israel will in another year be substantially fuel independent, from its own oil fields, but now like everyone else fuel prices are like a tax cut for a country who spends so much defending itself it hurts their economy.

If Iran cannot afford Nukes its popular in Israel what low prices are doing.


17 posted on 12/27/2014 9:46:09 PM PST by Zenjitsuman (New Boss Nancy Pelosi)
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To: edpc

nuclear reactor for every house.
http://www.dvice.com/archives/2007/12/power_your_home.php


18 posted on 12/27/2014 10:55:12 PM PST by kvanbrunt2 (civil law: commanding what is right and prohibiting what is wrong Blackstone Commentaries I p44)
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To: Red Steel

bkmk


19 posted on 12/28/2014 12:44:38 AM PST by AllAmericanGirl44
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Whatever was going well in Mexico probably was the oil biz, or fed off from it. We need an earthen barrier and triple fence the full length of our common border, and we need it right away.

Mexico crisis engulfs major institutions but hits the left hardest
http://www.freerepublic.com/focus/news/3241380/posts


20 posted on 12/28/2014 4:48:10 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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