Posted on 04/16/2016 7:03:27 PM PDT by Celerity
It wasn’t the Sauds or OPEC that did it. It was good ole Uncle Sam. Government price control of oil and gas plus other idiotic policies provided the conditions for OPEC and an embargo. Without a free market for gas and oil prices were artificially cheap. So with a dip on oil supply what should have been a price increase and natural market based rationing of supplies turned into a shortage. Our own fault which was corrected with deregulation. Now look at OPEC it’s a toothless tiger. We rode out $5 gas with no government intervention and now they are whipped.
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Call the bluff
A win-win for America!
It’s a head scratcher, that’s for sure. Who cares who owns what they have to sell? Certainly couldn’t be anybody worse.
I’ll buy all their assets. I’m offering 10 bucks for the whole package they own. Will someone loan me 8 bucks? I’m a little short this month.
What would it hurt if they sold all and who would have the money to buy it anyway?
Good points, thanks for the knock up side the head.
Absolutely. Especially since it will restore some of our own sovereignty ( and most of the money was extorted from our own pockets by means of their otherwise- illegal monopolistic marketing manipulations)
I’d like more details to this post....
Where did it go ? You have my attention !
I’m almost certain that if they sell US assets they will receive....US Dollars in return. They own too much to find a ready market in some other currency.
I finished reading about this. It seems they may pull their assets out of US jurisdictions because Congress may open them up to liability for 9/11. Now on this matter can we blame them? Once the process starts it will just become another US led shakedown of another country or foreign business. We need to be very careful in this because we now have numerous US citizens who are bonafide jihadis. We also have businesses that could be linked to terrorists.
I’m all in favor of sticking it to the Sauds but not this way. How about we de-criminalize coal and expand nuclear power and quit the nonsense on power regulation? It would finish completely letting the air out of the tires in the Middle East.
Tell them the U.S. will apply pressure against exchanges listing an IPO for Saudi Aramco due to surface in 2017. They are trying to foist their oil holdings on the market, and bankroll a sovereign wealth fund. Someone better check that water cut on the well outputs before going in on that deal.
They bought a parcel out west with water rights for alfalfa.
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