This should drive oil prices down even further. Now we can pick and choose whom we get our oil from and we can even restrict oil purchase from certain rogue countries. What was once a Monopoly could turn to competitive pricing. This will be interesting to watch.
It’s just over $100 a barrel and needs to go down even more.
To be honest, I didn’t think they had it in ‘em. I really thought they had joined the rest of the crew bent on shooting themselves in the feet.
If the rest don’t manage to get it, I guess the Saudis will be feeding them and clothing them, because eventually, the rest of us will stop. I’m impressed. I really thought there had been too much inbreeding. I relieved to finally be disappointed by my assessment.
Sarah did it. They’re scared of her.
Saudis are making unrestrained headway in US with their ideological agenda. In 2001, approx 900 of the 1200 known mosques were Saudi (Wahabbist/Salafist) funded. Since 2001 approx 57 new mosques a month, mostly Saudi funded, have appeared, and there are now about 6000 mosques in the US. US policy is heavily favored toward Saudi interests. Saudis are now able to be excited about their prospects in regard to one of two Presidential candidates in the US. Helping the US with affordable oil will only strengthen their grip on US foreign and civil policy. The price we are paying for a lack of a nationalistic energy policy for the last 30 years is evident in many other ways also, as all readers on this board already know.
Let’s not pretend this is some sort of “we love the oil consumers” move. They know from their 1970’s cut that if they drive consumption down with high prices we will start producing more and the price will go down further.
It’s Bush’s fault!
Oh wait - this is good news.
It can’t have anything to do with his economic diplomacy efforts on this very topic can it? I mean, he’s just a dumb hillbilly with no friends in the world.
Although, not liking Hugo Chavez - nothing wrong with that.
Very elegant race, the Iranians. But the Saudis can't stand them, and that, with the US alliance puts the Arab/Persian thing up again.