Wassup with Bush "holding hands" with this guy??
Posted on 05/17/2008 7:12:14 AM PDT by kellynla
Saudi Arabia granted President Bush's request for an increase in oil production yesterday, while the Bush administration heeded calls from Congress to temporarily stop filling the Strategic Petroleum Reserve.
Both moves are aimed at easing tight world oil supplies, but the relatively small steps failed to prevent oil's ascent to another record high over $127 a barrel in New York trading before settling at $126.29 yesterday. Analysts expect pressure on oil prices to remain high as China increases its consumption of diesel to fuel rescue efforts and rebuilding after a devastating earthquake.
With regular gas prices nearing $3.80 a gallon nationwide, high fuel prices have become the No. 1 economic worry and voter complaint in the United States, forcing politicians to try to find solutions. Consumer sentiment sank to the lowest level in 28 years as gas prices rose relentlessly to new highs this month.
Mr. Bush's latest round of "oil diplomacy" proved more fruitful than a trip in January, during which Saudi Arabia, the world's biggest producer and a U.S. ally, flatly rejected his pleas for increased output. Yesterday, the Saudis used the occasion of his visit to announce a 300,000 barrel-per-day increase in production, mostly for U.S. customers.
(Excerpt) Read more at washingtontimes.com ...
"Any demand for extra production capacity from consumers will be immediately met," he said.
ping
A small drop in a large ocean of oil.
But, every little bit helps.
Nice little move. Ease pressure just enough so the American Sheep go back to sleep instead of realizing the whole Energy Policy being currently pushed in Congress will only result in the USA being even more dependent on imported oil by putting even more roadblocks in the way of Domestic Oil production. Now all the Democrats can run around and say “See we just had to put pressure on OPEC, we don’t need to drill here”.
Someone help me out here: weren’t the headlines yesterday or the day before reading, “Saudis blow off Bush,” or something like that?
Nice scam. Keep production down while prices climb to the limit. Then sell at that high price because oil never goes down sharply.
They got us just in that sweet spot. Prices high enough to hurt, but too low for alternatives to get us independent. OPEC is getting smarter.
Yes, and most of the MSM is saying the same this morning.
Why does the West permit Arabs to control the oil supply? It really puzzles me every time I see these fat slobs in their robes. It wasn’t always so. They are defenseless. What is the rationale for our willful surrender? It is a strange world.
And we are getting dumber, such a permitting Iraq to rejoin OPEC.
It sure was, and I bet if you tune into CNN, etc, there won’t be much mention of today’s events.
They're only “controlling” what's theirs...
This whole issue could be resolved if the clowns in D.C. would pull their collective heads out of their asses and allow more drilling, more refineries and more nuclear power plants...for starters!
I'm just waiting to see how high the price of fuels have to go before people DEMAND “Enough with the polar bears, get busy and allow oil companies to drill & refine more in America!”
This was a win/win for the Saudis. They sell more oil at the still increasing prices, so they make more money. They also appear to be working with us. Yet, at the same time, they are doing nothing that will adversely affect their OPEC friends.
Seriously, that is tradition in that society. Few years back these two were holding hands while strolling around the Crawford ranch.
The Iranians are having a kitten, so something good’s come outta this...
“It really puzzles me every time I see these fat slobs in their robes.”
We have our own fat slobs in suits. They are called Senators and Congressmen. They are controlled by puppeteers in the environmental organizations.
They are too stupid to see what is right before their faces and too cowardly to act in real leadership.
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