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Arabia
Saudi king urges consumers to get used to high oil prices
2008-07-02
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. 'We have nothing to do with the current sharp increase in crude prices,' he said reiterating the Saudi position that speculation, rising demand and the taxation of oil products in consumer countries were to blame. 'These countries must reduce their taxes on fuel.. if they want to contribute to easing the burden on ordinary consumers,' he said.
Posted by:Fred

#5  Too bad he can't... get used to SADDAM!
Posted by: Besoeker   2008-07-02 20:43  

#4  I think the oil ticks are gonna have to get used to lower oil prices, because they have chosen to sock it to us at our maximum point of vulnerability - at a time of maximum leverage, just when the world's hundred-trillion dollar credit bubble is about to unwind. These morons will have decades to regret the resulting economic depression and oil price crash.
Posted by: Zhang Fei   2008-07-02 17:18  

#3  Ya know, based on this little snippit, I can't really disagree with the sod. In fact I think he knows more about markets than harry reed.
Posted by: swksvolFF   2008-07-02 10:52  

#2  You might feel a slight sting. That's pride fuckin' with you.

Fuck pride!

Pride only hurts, it never helps. You fight through that shit.

'Cause twenty years from now, when you kicking it atomic in your electric hovercar, you gonna say to yourself, "Abdullah bin Abdul Aziz Al Saud was right."
Posted by: Mitch H.   2008-07-02 10:24  

#1  'We have nothing to do with the current sharp increase in crude prices,' "but we're making tons of money," he added, winking.
Posted by: Spot   2008-07-02 08:09  

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