Posted on 12/22/2014 7:58:21 PM PST by TigerLikesRooster
Saudi Oil Minister Says Russia Doesn't 'Deserve Market Share'
Jim Edwards
Dec. 22, 2014, 12:10 PM
Saudi Oil Minister Ali Naimi really got the world's attention in an interview he gave to the energy journal Middle East Economic Survey (MEES). We told you earlier that Naimi said the Saudis don't care how low the price of oil goes: "Whether it goes down to $20, $40, $50, $60, it is irrelevant."
What's interesting though is Naimi's rationale for not caring. Basically, he told MEES, the Saudis can afford not to care about the low price of oil.
/snip
Everyone is asking whether the Saudis should pump less oil and let the price come up, rescuing nations like Russia who need the price of oil to be $105 a barrel. But why should the Saudis be punished for Russia's uselessness? Naimi told MEES — via The Financial Times — that Russia doesn't "deserve market share":
(Excerpt) Read more at businessinsider.com ...
P!
Uh-oh.
Someone’s riling Gog.
Saudis are not our friends.
The Saudis are about the most vile people on the planet. The only thing saving their vile azzes is us. If not for us protecting them, they would have long been overthrown.
It’s always important to remember that 15 of the 19 came from Saudi Arabia.
All those Saudi Princes allowances can be a drain
Certainly not when it comes to oil.
I wonder how China is with regards to them. I mean, their oil has to be sold to somebody. Chances are the Chinese are the ones on the good end right now.
Saudi Arabia does not control the price of oil and the leverage OPEC has on the price of oil shrinks with each passing day.
Those greedheaded Islamo Saudi slimeballs shouldn’t tease the bear.
Russia may be a shadow of its former self but they could still waltz into Saudi Arabia and set up shop without breaking into a sweat.
Silly Arab!
When the Arabs cause the Russians sufficient financial pain, and pose a sufficiently great threat to the Russian economy, the Russians may well nuke the Arab oil fields.
That would make their oil more valuable, and as only Muslims would be killed, most of the world would want to buy the Russians a round of drinks for their successful ‘direct reduction’ of the Muslim population.
“Never pull the bear’s tail” goes the folklore line.
Never pick the bear’s pocket, either.
;-)
Gazprom is one of the most corrupt and inefficient companies on the planet! It is no wonder that their whole system collapses almost right away.
Naimi is likely to find that the Iranians have an ally with deep military resources, who disagrees with the new Saudi perspective.
In light of the fact that the potus is saudi arabia's pimp, I'd guess that's one act he'd act decisively on.
The Saudis are the 800 pound gorilla of OPEC.Yes,it's true that OPEC's influence has slowly diminished to the point that they can't *control* the world market but they're still a force to be reckoned with.And it's my understanding that our frackers are one of their targets today.And maybe the Russians are a target too.After all,they're a major producer outside of OPEC.
Every POTUS going back years has been Saudi Arabia's Pimp.
that must have hurt puttie putte’s putte.
Very stupid to poke the Russian bear when your own society needs other armies to defend it and is sitting on a powder keg.
Saudis and Russkies. Kind of like trying to decide whether to root for Hitler or Stalin.
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