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| International-UN-NGOs |
| Saudi Sights Set on U.S. Shale at Crucial OPEC Meeting |
| 2014-11-26 |
| [AnNahar] OPEC's biggest crude producer Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... will have its sights set on the upstart U.S. shale oil business at a crucial cartel meeting to debate possible output cuts on Thursday. Analysts say the kingdom is content to see shale oil producers -- and even some members of the cartel -- suffer from low prices and will resist pressure to reduce output and shore up the cost of oil. |
| Posted by:trailing wife |
| #7 that'd leave our 'allies' in Europe high and dry. They'd have to frack their own shale and defend their own territory. Or, they can buy NG from Israel. |
| Posted by: g(r)omgoru 2014-11-26 19:12 |
| #6 Lower oil prices hurt Iran more than SA, which is the main reason they are letting it happen. |
| Posted by: phil_b 2014-11-26 15:26 |
| #5 Or, since the Donks love taxing so much, levy a import tax on imported oil. |
| Posted by: Procopius2k 2014-11-26 08:56 |
| #4 But G(rom) - that'd leave our 'allies' in Europe high and dry. They'd have to frack their own shale and defend their own territory. On the other hand.... |
| Posted by: Bobby 2014-11-26 07:36 |
| #3 IMO, it would be cheaper for USA to subsidize domestic production than "police" ME. |
| Posted by: g(r)omgoru 2014-11-26 03:28 |
| #2 Agree with Paul. |
| Posted by: 3dc 2014-11-26 01:37 |
| #1 Saudi can be on its own next time they are put in danger. Two can play the game. |
| Posted by: Alaska Paul 2014-11-26 00:27 |