Article

2006-04-25 Arabia

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Seafarious 2006-04-25 00:00|| || Front Page|| [6 views since 2007-05-07] Top

#1 OK, a really really strange question...

Why is their stock market crashing if oil is at a record high?

Posted by Phil 2006-04-25 00:50|| 2006-04-25 00:50|| Front Page Top

#2 I mean, I feel like I'm missing something obvious, when I ask that question.

Posted by Phil 2006-04-25 00:50|| 2006-04-25 00:50|| Front Page Top

#3 The Religious Policeman had some thoughts on the matter, Phil.

Posted by Seafarious">Seafarious 2006-04-25 00:56|| 2006-04-25 00:56|| Front Page Top

#4 And then a few days later, TRP had a few more thoughts.

Posted by Seafarious">Seafarious 2006-04-25 00:59|| 2006-04-25 00:59|| Front Page Top

#5 The Cabinet announced that the Kingdom would go ahead with its policies aimed at expanding investment opportunities.

The Religious Policeman had a hilarious take on this as well.

Posted by rafael 2006-04-25 00:59|| 2006-04-25 00:59|| Front Page Top

#6 Why is their stock market crashing if oil is at a record high?

Oil is high in large part due to jitters over Iran. Iran's their next door neighbor.

High oil prices really aren't good for the stocks traded on their exchange. The "oil addiction" makes it easier and more profitable to suck from the petro teat than to build a real economy.

Someone realized that all those businesses require maintenance, and there's not a single Saudi willing to do it.

Posted by Rob Crawford">Rob Crawford 2006-04-25 07:31|| http://www.kloognome.com/]">[http://www.kloognome.com/] 2006-04-25 07:31|| Front Page Top

23:52 Anonymoose
23:46 Frank G
23:43 rafael
23:22 3dc
23:09 Frank G
23:00 Captain America
22:58 Captain America
22:56 Captain America
22:48 Fun Dung Poo
22:40 Fun Dung Poo
22:39 Captain America
22:35 borgboy
22:33 Fun Dung Poo
22:30 Desert Blondie
22:22 asymmetrical triangulation
22:22 DMFD
22:18 3dc
22:13 Frank G
22:10 Frank G
22:03 Glavick Angease1706
21:59 Frank G
21:54 Frank G
21:52 Frank G
21:50 Frank G