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Yo_Mama_Been_Loggin

(107,922 posts)
Mon Sep 30, 2019, 02:27 PM Sep 2019

Oil will hit levels 'we haven't see in our lifetimes' if Iran isn't stopped, Saudi Crown Prince says

Saudi Arabia's Crown Prince Mohammed bin Salman has warned of astronomical oil prices in the event that tensions escalate in the Persian Gulf, two weeks after his country was hit by a drone and cruise missile attack that Riyadh and Washington have blamed on Iran.

"If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests," the crown prince said in an interview with CBS' 60 Minutes over the weekend.

"Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes."

The pre-dawn attacks on September 14 hit two of state oil giant Saudi Aramco's largest oil facilities, forcing the country to temporarily shut down roughly 50% of its output, or 5% of the global oil supply. The following Monday, international benchmark Brent crude rose as much as 19.5% to $71.95 per barrel at the open ⁠— the biggest jump on record ⁠— before paring gains.

https://www.msn.com/en-us/money/markets/oil-will-hit-levels-we-havent-see-in-our-lifetimes-if-iran-isnt-stopped-saudi-crown-prince-says/ar-AAI3AC1?li=BBnbfcN

Meaning, "Help me invade Iran or I'll jack up the price of oil."

18 replies = new reply since forum marked as read
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Oil will hit levels 'we haven't see in our lifetimes' if Iran isn't stopped, Saudi Crown Prince says (Original Post) Yo_Mama_Been_Loggin Sep 2019 OP
Maybe that will be the push needed volstork Sep 2019 #1
Did the Saudis perpetrate the attack for just this reason? dlk Sep 2019 #2
Meaning, bomb Iran or I drone my own oil supplies ... pbmus Sep 2019 #3
Protect your own border integrity, MBS gratuitous Sep 2019 #4
+1000 bdamomma Sep 2019 #6
+1 leftstreet Sep 2019 #8
Fuck you, murdering extortionist. blm Sep 2019 #5
why did 60 Minutes give this bdamomma Sep 2019 #7
Blackmail from a bonesaw murderer Generic Other Sep 2019 #9
Arms? Hell, he'll take legs, fingers, toes... ret5hd Sep 2019 #10
Good one! Generic Other Sep 2019 #15
WANTS the price of OIL to Spike before the ARAMCO IPO that will line the pockets of Saudi Royals JCMach1 Sep 2019 #11
and thats suppose to bad news to oil producers? beachbumbob Sep 2019 #12
Then we'll use less oil. JohnnyRingo Sep 2019 #13
More incentive for renewables and electric vehicles? Bring it on. tinrobot Sep 2019 #14
S.A.: "Help us invade Iran or else." area51 Sep 2019 #16
The Saudi Royal Family can go fuck themselves, afaic. They are NOT AN ALLY.. Volaris Sep 2019 #17
Sounds like a good reason for a major and immediate green energy movement here. Flaleftist Sep 2019 #18

volstork

(5,400 posts)
1. Maybe that will be the push needed
Mon Sep 30, 2019, 02:28 PM
Sep 2019

to wean the world off of an energy source that is ever more rapidly killing us all.

gratuitous

(82,849 posts)
4. Protect your own border integrity, MBS
Mon Sep 30, 2019, 02:32 PM
Sep 2019

I guess not every problem can be solved with a bone saw and a bunch of goons.

Generic Other

(28,979 posts)
15. Good one!
Mon Sep 30, 2019, 03:04 PM
Sep 2019

Hate seeing our country giving our healthcare money, our infrastructure money and our peace of mind away to global thugs.

JCMach1

(27,556 posts)
11. WANTS the price of OIL to Spike before the ARAMCO IPO that will line the pockets of Saudi Royals
Mon Sep 30, 2019, 02:51 PM
Sep 2019

Follow the money!

JohnnyRingo

(18,624 posts)
13. Then we'll use less oil.
Mon Sep 30, 2019, 02:57 PM
Sep 2019

Price is the biggest motivator for alternative energy. Many consumers don't care about carbon emissions so much as they do the cost of doing it.

The Saudis and OPEC know this all too well and walk a fine line between supply & demand.

Volaris

(10,270 posts)
17. The Saudi Royal Family can go fuck themselves, afaic. They are NOT AN ALLY..
Mon Sep 30, 2019, 08:33 PM
Sep 2019

And as far as that goes, yes Iran was a more productive international partner when Obama was president, than SA has been to our own national security in the last 50 years.

At least Iran was willing to cut a deal. SA is only willing to cut on journalists at this point.

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