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Saudi king urges consumers to get used to high oil prices
Breitbart.com, via Drudge ^ | July 1, 2008 | Breitbart

Posted on 07/01/2008 9:56:49 AM PDT by Virginia Ridgerunner

King Abdullah of Saudi Arabia, whose nation is the world's number one oil exporter, called on consumer countries to get used to high prices in comments published on Tuesday.

"Consumer countries have to adapt to the prices and the mechanisms of the market," the king said in an interview published by the Kuwaiti daily Al-Siyassah.

"

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Foreign Affairs; Government
KEYWORDS: energy; energyprices; gas; gasprices; houseofsaud; oil; opec; saudi; saudiarabia
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To: Dutchboy88

Already stopped attending movies. Not until the *ickheads in hollywood shutup!


41 posted on 07/01/2008 12:49:35 PM PDT by Always Independent
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To: Dutchboy88

Already stopped attending movies. Will not go back until the *ickheads in hollywood shutup!


42 posted on 07/01/2008 12:49:59 PM PDT by Always Independent
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To: Always Independent

It isn’t his fault. He is as always, our friend an ally.

Nancy Palosi et all are your true enemies.

Your wages will rise as a part of the general inflation in process.

For the record, have you calculated exactly how much your cost of living has increased as a result of Gas price increases alone?

Have you calculated the savings over the past few years that accrued from buying very inexpensive imported goods?

That savings will go a very long ways to offset the gas price increases.


43 posted on 07/01/2008 12:53:19 PM PDT by bert (K.E. N.P. +12 . Conservation? Let the NE Yankees freeze.... in the dark)
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To: bert

This king is no particular friend. King Fahd was a friend of the US. My cost of living has jumped almost 30 percent due to the price of gas alone. I drive 80 miles a day commuting to work. Last months fuel bill almost $600. I had to cut back on use of my full size pickup and buy an american car that gets double the mileage of it. So factor in the price of a new car also. In aerospace your wages don’t automatically go up with the pace of inflation. As far as buying imported goods goes, I don’t buy that many when I can avoid it.


44 posted on 07/01/2008 1:04:38 PM PDT by Always Independent
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To: Slapshot68

That’s not a house. That’s the Emirates Palace Hotel of Abu Dhabi.


45 posted on 07/01/2008 1:21:02 PM PDT by forkinsocket
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To: Virginia Ridgerunner
The king better be careful...the forces of economics may just crush his one export nation when the high cost of Middle-Eastern oil makes all the other alternatives, and the investments they require, that much more appealing.

In 10 years he might have a hard time giving his oil away.

46 posted on 07/01/2008 1:29:28 PM PDT by Gator101 (Don't tase me, Bro!)
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To: forkinsocket

Yeah I know...it was hyperbole. ;)


47 posted on 07/01/2008 1:34:50 PM PDT by Slapshot68
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To: Slapshot68

That is incredible.


48 posted on 07/01/2008 1:38:49 PM PDT by Canticle_of_Deborah
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To: frankiep
EVERYONE is forced to buy gas

No my liberal friend, they aren't. I guess we can add you to the list of liberal whiners who doesn't like capitalism. You chose to live where you live and where you work.
49 posted on 07/01/2008 1:43:04 PM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: TexasGunLover

Get off of your high horse because your complete and total ignorance is astounding.

First of all, NOT having capitalism in the oil/gas industry is what is causing this problem, so save the slogans for someone else. Secondly, it is not at all possible, in a technologically advanced nation such as ours, to go through life without having to pay for gas in one form or another - if this needs to be explained to you I apologize and have pity on you. Third, someone stating a FACT that you happen to not like is not whining - throwing insults around because of it on the other hand is.


50 posted on 07/01/2008 1:53:25 PM PDT by frankiep (Every socialist is a disguised dictator - Ludwig von Mises)
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To: Virginia Ridgerunner
OPEC knows that they own our wallets and our economic future in the state that everything is today.

If I knew that there was oil in my toilet, I would tell them to drill.

51 posted on 07/01/2008 2:05:25 PM PDT by TennTuxedo
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To: swarthyguy
Cheap gasoline is not some inherent right.

And gasoline still isn't that expensive. We went from paying practically nothing for fuel to paying about half of what Europe pays.

The problem is that when we were paying practically nothing for fuel we CHOSE to buy huge cars and live in McMansions 50 miles from where we work.

52 posted on 07/01/2008 2:08:57 PM PDT by Drew68
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To: frankiep
I can assure you I understand more about business and the free market than you do.

Let's talk about facts:

1) You chose to live where you live and where you work.

2) Gas is still cheap.

3) If the price of gas is affecting you, you are a poor money manager or are living beyond your means.

4) The oil/gas industry in the United States is most certainly run by private companies and not the US government.



Go join DU, you'll fit in over there with your liberal, "save me government" attitude. I'm tired of all this whining here... it really shows you who the big liberals are.

If you don't like it, don't buy it. It works for any thing you consume. I can assure you, no one is holding a gun to your head to buy gas.
53 posted on 07/01/2008 2:23:00 PM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: gogeo

>>Anyone who isn’t infuriated by this statement...the joke’s on you.

Not quite. If you’re only getting “infuriated” at the Saudis NOW, you’re waaaaaay late to the party.


54 posted on 07/01/2008 2:43:06 PM PDT by swarthyguy (Osama Freedom Day: 2500 or so since September 11 2001! That's SIX +years, Dubya.)
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To: Drew68

And no one really got a fire under their behinds about expanding energy supply, or rationalizing some of the crazier policies, or even to have as much testicular fortitude as the French, who generate close to 80% of their electricity needs via, GASP, nucular.

It’s too bad, we’ve only had at least 30 years to try and deal with the issue.

It hurts, no doubt, but, what the hell, drive less or cut back.

For instance, I’m economising by not getting lap dances!


55 posted on 07/01/2008 2:50:18 PM PDT by swarthyguy (Osama Freedom Day: 2500 or so since September 11 2001! That's SIX +years, Dubya.)
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To: TexasGunLover
THIS is not a free market

--Shell Oil Company President John Hofmeister
Testimony Before the Senate Judiciary Committee, May 21, 2008

56 posted on 07/01/2008 6:03:04 PM PDT by Virginia Ridgerunner ("We must not forget that there is a war on and our troops are in the thick of it!"--Duncan Hunter)
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To: TexasGunLover

Who the hell do you think you are? You don’t know me. And show me where exactly I said that I said “save me government”.

Congratulations on being well off enough that $4.20 per gallon of gas doesn’t seriously affect your finances; especially when it was $3.00 not all that long ago. But guess what, not everyone is in a position where they aren’t severely affected by such a large increase in the price of gas. And saying that someone is a liberal because they don’t buy into your view that everything is fine and just as it should be does not make it so.

1) That’s right, I chose to where I live, but I work where someone is willing to hire me. And if someone gets laid off (as I was) and has only been able to find work further away from where I live (as I have) then please educate all of us simpletons as to how it is our fault. Not everyone is in a position where they can work wherever they want. I’m sure that this is also my fault according to your twisted logic though.

2) Gas may be cheap for you, and that’s great! But only a self absorbed narcisist would presume to make such a blanket statement like that and think it is true for everyone.

3) Once again, you don’t anything about me. And once again, only a self absorbed narcissist would proclaim to know that the reason why skyrocketing gas prices are affecting people is because they are poor money managers. And once again, congratulations on being in a situation where you are well off enough where these high prices don’t affect you, or where you don’t rely on gas getting you to and from work.

On a related matter, would you say that long haul truck drivers are poor money managers and living beyond their means now that gas prices are severely affecting them? What a bunch of dumbasses they are for bringing this upon themselves!!

4) And your point is what exactly? I never said that the oil and gas companies weren’t privately owned. In fact, I never said anything against them at all. Perhaps you should pay attention instead of jumping to conclusions about what everyone else is thinking.

As for your statement “if you don’t like it don’t buy it” - well that may be a clever little bumper sticker slogan you have there, but it doesn’t change the facts. It is also a statement based in ignorance since, as I said earlier and as every thinking person already knows, it is impossible to live as a civilized person in an advanced country like this without having to pay for gas/oil.

I suppose now you’ll come back with another witty remark about how this is all liberal talk that belongs on DU. Whatever. Refute it, only with logic this time.


57 posted on 07/01/2008 7:01:54 PM PDT by frankiep (Every socialist is a disguised dictator - Ludwig von Mises)
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To: frankiep
1) I see you agree: You chose, so deal with it or choose differently.

2) Unless you're making less than $15,000 a year, it's not a significant part of your expenses. Do the math, and stop reacting emotionally. Cut off your internet access, dump your cell phone, stop going to the movies, drive less, get a new job, start mowing lawns in your neighborhood, but at least do something. Don't whine about how you're "forced" into something, that's the cry of every liberal. "Oh poor me, look at what the situation has done to me".

3) Long haul drivers that work for the large trucking companies are making the same that they always have. Private owner/operators can pass the costs along to the customer. If the market won't bear that, then they'll go out of business. It's called the free market.

4) You stated the oil/gas industry was under some mysterious non-free market control, when everything points to prices established by simple supply and demand economics.

If the global market can't bear it, then prices will decrease. If supply remains the same, and the demand increases, prices will rise.

So as soon as you take responsibility for your situation and stop blaming the "situation", feel free to remove yourself from being a typical liberal whiner and join the ranks of being responsible for yourself.
58 posted on 07/01/2008 7:21:58 PM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: Virginia Ridgerunner
THIS is not a free market

You're right, the fact that a business man would be called before the Senate is just downright socialist. Why the government has anything to do with a how private company conducts its business is insane.

If you don't want to buy gas from Shell, please feel free to buy land or gain mineral rights to land, then find some oil, drill for it, recover it, processes it and distribute it on your own.
59 posted on 07/01/2008 7:24:38 PM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: TexasGunLover
If you don't want to buy gas from Shell, please feel free to buy land or gain mineral rights to land, then find some oil, drill for it, recover it, processes it and distribute it on your own.

Problem is, nobody in America can do that anymore because of all the stifling and contradictory federal and state regulations that are killing the industry and our pocket books. That was the point that Hofmeister was making when he told Leahy off.

60 posted on 07/01/2008 7:27:48 PM PDT by Virginia Ridgerunner ("We must not forget that there is a war on and our troops are in the thick of it!"--Duncan Hunter)
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