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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOil 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."
volstork
(5,400 posts)to wean the world off of an energy source that is ever more rapidly killing us all.
dlk
(11,552 posts)I wouldnt put anything past them.
pbmus
(12,422 posts)So oil will sky rocket ...
gratuitous
(82,849 posts)I guess not every problem can be solved with a bone saw and a bunch of goons.
nt
blm
(113,043 posts)bdamomma
(63,836 posts)murderer some much play. He's lying, that is for sure.
Generic Other
(28,979 posts)Quit sending arms to this backward thug.
ret5hd
(20,491 posts)whatever he can get.
Generic Other
(28,979 posts)Hate seeing our country giving our healthcare money, our infrastructure money and our peace of mind away to global thugs.
JCMach1
(27,556 posts)Follow the money!
beachbumbob
(9,263 posts)JohnnyRingo
(18,624 posts)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.
tinrobot
(10,895 posts)area51
(11,906 posts)Volaris
(10,270 posts)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.