This should frighten you...
Jun. 16th, 2008 08:24![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mapsedgeThe Saudi's are not friends of the US, or, I believe, any other country for that matter.
Today I saw this news story: http://www.foxnews.com/story/0,2933,367208,00.html. The gist is that Saudi Arabia is planning to up oil production by 200,000 barrels a day in order to ease strain on the price of oil.
Today I saw this news story: http://www.foxnews.com/story/0,2933,367208,00.html. The gist is that Saudi Arabia is planning to up oil production by 200,000 barrels a day in order to ease strain on the price of oil.
Two lines in the article stood out to me.
Saudi Arabia is concerned that sustained high oil prices will eventually slacken the world's appetite for oil, affecting the kingdom in the long run.
Well, no shit. I've been waiting for that one: "Hmm...if our product becomes too expensive, countries will start looking for other sources of energy. I KNOW!!! Let's reduce production and drive the prices even higher!"
The real scary bit is this:
"The king believes that the current oil prices are abnormally high, and he is ready to restore prices to their appropriate levels," SPA quoted Ban as telling reporters in Jiddah. [Emphasis mine]
The degree of arrogance and the power that fosters it is astonishing. Never, ever forget that there is no country in the Middle East that loves the United States and wants to see us prosper. We are only "friends" as long as we continue to pay.
Saudi Arabia is concerned that sustained high oil prices will eventually slacken the world's appetite for oil, affecting the kingdom in the long run.
Well, no shit. I've been waiting for that one: "Hmm...if our product becomes too expensive, countries will start looking for other sources of energy. I KNOW!!! Let's reduce production and drive the prices even higher!"
The real scary bit is this:
"The king believes that the current oil prices are abnormally high, and he is ready to restore prices to their appropriate levels," SPA quoted Ban as telling reporters in Jiddah. [Emphasis mine]
The degree of arrogance and the power that fosters it is astonishing. Never, ever forget that there is no country in the Middle East that loves the United States and wants to see us prosper. We are only "friends" as long as we continue to pay.
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Date: 2008-06-16 14:51 (UTC)And yes, it worries me a bit; I have had the feeling for some time that the modern form of the Apocalypse will most likely involve war over the Middle East oil reserves and the nations that control them.
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Date: 2008-06-17 11:43 (UTC)