Submit your comments on this article | |
Arabia | |
Saudis want aid if world cuts need for oil (File under Chutzpah) | |
2009-10-08 | |
A-Pee story via Yahoo (at the link); wording here from private newsletter. Saudi Arabia has been waging a quiet campaign You misspelled "blackmail Western countries." to secure financial assistance for major oil producers if a global climate bill to slash greenhouse gas pollution ends up cutting into oil revenues. The country that controls the world's largest proven oil reserve said it stands to lose about $19 billion a year beginning in 2012 under a new global pact, according to a calculation by the Organization of Petroleum Exporting Countries. GOOD! Hope it happens and hope it hurts - a lot. But those calculations were disputed in a report this week by the International Energy Agency that found that even with an international climate agreement, OPEC revenues would still rise $23 trillion between 2008 and 2030, a four-fold increase over growth between 1985 and 2007. "We are among the economically Al Sabban said Western nations are pursuing a policy against oil producers cloaked as a campaign to save the planet. No, we're against the oil
| |
Posted by:Barbara Skolaut |
#5 We could give him ObamaBucks and it would not impact us a bit. |
Posted by: Alaska Paul 2009-10-08 20:21 |
#4 We should give aid to Saudi Arabia... ... net of the accumulated imputed cost of the damage done by Wahabbi funded terrorists, beginning in 1987. The King best start writing checks now that he has the money |
Posted by: badanov 2009-10-08 16:13 |
#3 Unfortunately, Thing, the "leaders" in the West aren't against the Saudis et al. Doesn't mean the normal people don't hate the bastards.... |
Posted by: Barbara Skolaut 2009-10-08 15:05 |
#2 Apparently the Saudis don't get it. If there is any merit to cutting worldwide oil consumption, it is to prevent so much money from going to them. The Saudis are beyond arrogant. |
Posted by: Maggie Ebbuter2991 2009-10-08 14:59 |
#1 No, we're against the oil proreducers period. That's what everyone has said the last twenty years, and somehow the Saudi share of the market keeps going up, and local producers' share keeps going down. |
Posted by: Thing From Snowy Mountain 2009-10-08 14:46 |