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Saudis Tell Bush They See "No Reason" to Increase Production
foxnews.com — he White House says Saudi Arabia's leaders are making clear they see no reason to increase oil production until customers demand it. President Bush was in the oil-rich country Friday to appeal to King Abdullah for greater production to help halt rising gas prices in the United States.
Ridgeliner7- 9 diggs
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- jessdub99, on 05/16/2008, -1/+1Can someone please explain this to me because I don't understand the Saudi's logic. Wouldn't an increase in supply help dissolve the skyrocketing oil prices?
- positron, on 05/17/2008, -0/+1Why would the people who make more money when oil is expensive want to decrease the price of oil?
- bcarp, on 05/16/2008, -0/+0So the world should cut the amount of food we sell the Saudies and increase the price for the little we would sell. Let them eat sand for a while. I say they are in with Iran to falsely inflate the cost of crude. low supply, high demand.
bc.- truerht, on 05/17/2008, -1/+0You are correct about the Saudis, all Muslims countries oppose us, but they all are also locked in various power struggles against each other, so the amount of collusion is minimal at this time.Eventually, someone will find a way to conquer the whole middle east and then implement the full hatred they bare towards us; Unless we are the first to conquer them in which case they will hate us even more, but at least they will be impotent against us.
- bigot, on 05/16/2008, -0/+1When will we get tired of the rag heads dictating to us about oil? We have all the oil we will ever need under US soil and off shore. I guess the younger generation missed school the day they taught supply and demand because they tend to blame the cost of oil on the oil companies. Sure they are making money, why not? The liberal planet loving wackos created this mess themselves by regulating domestic production out of the picture. The people we elect to run this train wreak are jumping on the environmental bandwagon so they can stay in power. They are afraid to mention drilling for fear they will be branded anti earth, or worse yet " in the pocket of big oil". We need to get mad at the right entities. Vote out the sluts in congress, shut up the damn environmentalists, and start drilling.
- momw, on 05/17/2008, -1/+0my sentiments exactly. couldn't have said it better
- DefendThyself, on 05/16/2008, -0/+1"Saudi Arabia's leaders are making clear they see no reason to increase oil production until customers demand it."
Hey Rich *****, you are killing us! We demand you stop screwing us!!! You are spot on bcarp, it's all about the oil and the phony war in Iraq...- truerht, on 05/17/2008, -1/+0You appear to lack a true grasp of the situation. The war has not been conducted in the most efficient manner, but make no mistake, we had NO CHOICE! And was It about the OIL? I would ask you to consider the 200 short and medium range missiles that we recovered only minutes after they had been drained of chems. or the Al Ansar terrorist camp (AlQeida Iraq)that was found with the soil completely saturated with ricin and serin . But if you insist on finding some big evil plot, then It might be wiser to look at the oil for food scandal in which Russia, France , and Germany each averaged 100 million barrels of OFF THE BOOKS oil purchases per year! I find it amusing that so few of you are aware of these events, and even fewer have figured out that these are the same three who most strenuously opposed the war. Add that up and tell me what you see now.
- redwoodfox, on 05/16/2008, -0/+0The Dems have us begging now, when we could have virtually independent of foreign oil. If silly willy had not vetoed drilling on ANWAR in '95. we could be up to our ears in our own oil. True to form, the Dems just put the QT on McConnells bill to explore the same barren wasteland.
- truerht, on 05/17/2008, -0/+0I am not one to agree with the Clinton's , but Ole slick Willy may have accidentally helped us by not going into ANWAR. Now please listen before you pass judgment. We have been using the rest of the worlds reserves this whole time, and now, if we choose, we can follow my earlier post and impose tarrifs etc on Opec nations in order to control prices, and continue to consume their products until they have very little left. Of course we should be developing our resources at home, but we should not consume our resources until theirs are almost gone. then, we can export energy , food, military hardware, and everything else they need to survive, while we enjoy a huge trade surplus and all of the associated profits. It is also important to mention that we should also be developing our alternative resources but withholding it from our competition; in this way we can have all the cards.
- momw, on 05/17/2008, -0/+1We are not going to develop alternative resources. If our government can't make money off it, it's not going to happen. They are going to already make it hard for the very few that are using veggie oil, saying that they are ripping off the government for cheating them out of taxes that they are not spending using gasoline. Go figure. Throw all the bums out of Washington.
- truerht, on 05/17/2008, -0/+0I am not one to agree with the Clinton's , but Ole slick Willy may have accidentally helped us by not going into ANWAR. Now please listen before you pass judgment. We have been using the rest of the worlds reserves this whole time, and now, if we choose, we can follow my earlier post and impose tarrifs etc on Opec nations in order to control prices, and continue to consume their products until they have very little left. Of course we should be developing our resources at home, but we should not consume our resources until theirs are almost gone. then, we can export energy , food, military hardware, and everything else they need to survive, while we enjoy a huge trade surplus and all of the associated profits. It is also important to mention that we should also be developing our alternative resources but withholding it from our competition; in this way we can have all the cards.
- jcstras, on 05/16/2008, -1/+0I think we need to fix the price of the grain that we sell to them at $130.00 a bushel and then send a nuclear bomb right up that King Abdullaha's you know what! I am sick and tired of us taking this crap from those sand bunnies! I say bomb the hell out of them and finish the job that was started in the crusades...there are just too many of those nut cases running around as it is. And we are patronizing them!
- AngeloM3, on 05/16/2008, -0/+2::Insert gas price frustration comment here::
Sorry I'm tired of complaining about this subject. - skeletonkeeper, on 05/17/2008, -0/+1Does the idea of telling the environmental extremists to go live in Saudi and harvest the oil in Alaska sound good to anyone else but me? Maybe if the Saudi's had to start pouring their oil on their cornflakes because we STOPPED buying it the price might suddenly start dropping?!?
- truerht, on 05/17/2008, -0/+0I have a simple solution to this complex problem. The oil producing nations have OPEC (Organization of petroleum exporting countries): We must form an organization called OPCC ( Organization of petroleum consuming countries). Every time the OPEC nations raise our fuel costs, then we should raise the price of EVERYTHING that we sell to them! But is does not stop there: We must use the a percentage of the OPEC gross revenue increase to subsidize fuel cost for the CITIZENS of member nations! I We should index this directly to the OPEC increase in a way that allows member nations to actually subsidize a net decrease in OPCC consumer prices and a net profit increase for all OPCC companies. In this way every time OPEC raises prices both the OPCC citizens and businesses who service them both actually PROFIT ,and the OPEC nations actually HURT THEIR OWN BOTTOM LINE!! After implementing such a plan as this , I am sure OPEC would be more than willing to negotiate a "reasonable compromise: but if not we rake in THEIR cash or deprive them of product. Oh, by the way I do realize this could cause severe diplomatic and even military conflicts, but we have an upper hand in that we can ,and eventually will find other sources of fuel, eliminating the market for OPEC,but they will probably never find a way to produce enough goods to be self sufficient, and military action against us would be just plain foolish.
- Jake81499, on 05/17/2008, -0/+0What we need to do is ration the food and fuel going to environmentalists. Let them starve. We have enough oil in the USA to last for decades. (I work in the oil field.) More than enough time to come up with alternative energy. Secondly, we need tax breaks to those designing and USING alternative energies. Third, just tell Al Gore to shut the hell up.
- momw, on 05/17/2008, -0/+0Tell all the high almighty eco-nazi's to put their money where their mouth is and stop flying around in their private jets and driving around in their limousines. I am so tired of them telling us how we should live our lives, when they don't practice what they preach.
- Hellman109, on 05/17/2008, -0/+1Isn't it funny how americans are whinging about their oil price while US companies do it to other companies with other goods all the time...
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