Saudi King Says Oil Should Be $75 a Barrel

[Suji to Seoul]

Source: AP via Yahoo News

CAIRO, Egypt – Saudi Arabia's king says the price of oil should be $75 a barrel, much higher than it is now, but his oil minister indicated Saturday that no measures will likely be taken until OPEC meets again next month.

Saudi Oil Minister Ali Naimi said that the Organization of Petroleum Exporting Countries will "do what needs to be done" to shore up falling oil prices when the cartel meets Dec. 17 in Algeria.

Naimi did not entirely rule out the chance that the cartel would slash output at a hastily convened meeting of OPEC members in Cairo Saturday, but he said the bloc needs to wait until the Algeria meeting to assess the impact of earlier production cuts.

His comments came after Saudi King Abdullah told the Kuwaiti newspaper Al-Seyassah in an interview published Saturday that oil should be priced at $75 a barrel.

Read more: http://news.yahoo.com/s/ap/20081129/ap_on_re_mi_ea/ml_opec_meeting

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Brutal, repressive, greedy fucktard.

[Sherman A1]

1. And I have another opinion that does not match that of the Saudi King

but is much more in line with your last comments.


:toast:

[JJ]

2. Saudi King Declares War on Americans

would be the more appropriate headline.

[hobbit709]

3. Let's trade him even up 1 barrel oil=1 bushel wheat or corn.

[davsand]

22. "Let them eat that f***ing oil." Do you REALLY want to do that???

The biggest problem with that philosophy is that you penalize not only the Saudi people--the ones who do not make policy. But you also punish the American farmers who need to sell product to earn a living.

You may want to rethink playing politics with food.

Just sayin...



laura

[DRoseDARs]

4. I'm thinking of a number between 75 and 100...

If you guessed, "Fuck you, Abdullah!" congratulations.

[Tanuki]

5. Dick Cheney & Co. probably handed him that script

to keep up the pressure to drill for oil in Alaska, now that the incoming administration will be against it.

[Baby Snooks]

6. What he means to say...

Saudi Arabia is dependent upon oil for its income. Its income has dropped. It needs the income from $75 a barrel oil.

No conspiracy at work here. Just plain old simple economics.

[pampango]

11. He's lucky that SA at least doesn't have a large population to support (just sheiks).

Iran, Venezuela, Mexico and Indonesia have very large populations whose governments depend on oil revenue to serve (or to placate/bribe, depending on your view of their governments) their population.

[ohio2007]

21. the royal blue blood class numbers around 40,000.

40,000 slackers that require multitudes of servants surrounded by opulant luxery built on oil .


lol



http://www.teachersandfamilies.com/nursery/humpty.html

Have a nice fall

[Thothmes]

27. And universal health care for everyone and free education for all

(at least for males) subsidized housing for the poor. all paid for with oil money.

[ohio2007]

20. His vertical economy is sinking in the sand

he wasn't bitching much about high prices.
Let the market find a balance if he feels they can afford to pump less, which will bring in even less, until the new balance bounces it back.


SHould have squirreld away more when the price was pushing $150.
Hope he squirms more in the land of the profit

[BumRushDaShow]

7. His buddy in Dubai has a revolving skyscraper to build

http://www.huffingtonpost.com/2008/06/25/dubais-moving-skyscraper_n_109274.html

and this will join their indoor ski slopes and world's tallest building. By golly we 'Mericans owe them those monuments to their financial acumen! :sarcasm:

[AzDar]

8. Bomb his ass, take his gas.

The Saudis are the 'regime-change' we should have indulged in after 9/11.
The world (especially Iraq) would be better for it.

[JerseygirlCT]

25. Better yet by far, learn to live without his gas.

Suddenly, he returns to being as inconsequential and unimportant as he and his entire family deserve to be.

[Deja Q]

33. No more beans and broccoli soup for him!

:yoiks:

[JerseygirlCT]

34. I'm slow this morning... it took me a minute! nt

[Deja Q]

9. We had 4 years of $75 oil right up to $150 oil - why not let it simmer for a while?

They're not going to go broke.

Exxon won't go broke.

Neither will anyone else.

[JerseygirlCT]

10. JerseyGirl thinks the Saudi King should find himself

living in a very small tract house in the middle of the desert, wondering what the hell happened to his wealth.

[Name removed]

16. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Sex Pistol]

12. Where was this guy when oil was at $150/barrel?

[Deja Q]

30. Paying for lots of hookers in a large revolving hotel?

:yoiks:



:crude1970scomedygag:

[gulliver]

13. President Bush should be made King of America,...

...continued King Abdullah. He has been like a son to me. Jeb in 2012! Jeb in 2012!

[VP505]

14. If the King keeps thinking that way then it

will give us all incentive to put that much more pressure on the Obama Admin to develop alternative fuel run cars and trucks much quicker. Its probably time to do that anyway but if the Saudi King keeps being greedy he might find himself, as JerseyGirl above said "living in a very small tract house in the middle of the desert, wondering what the hell happened to his wealth", while we drive our hemp oil/hydrogen cell or whatever fueled cars around.

[MurrayDelph]

15. Murray Delph thinks the king should see

if his crude oil can be used for lubricant when his oil barrel is used as a suppository.

[jpak]

17. Sorry your royal Majesty - our new "president" will not kiss your ass like our old "king"

please fuck off

[formercia]

18. The Saudi Royals should go bankrupt

and go back to tending goats and robbing pilgrims.

[ohio2007]

19. he said "It is out of our control" when it sold for $150 bbl..... guess what ?

it's still out of your control and you OPEC franchise is in danger of imploding in on itself if "something" "somewhere" isn't done to spike up that price in panic

[pitohui]

23. oh boo fucking hoo isn't that sad?

i hope the price falls to $20 a barrel, maybe then the economy will recover without the need to chop down every mountain in usa and canada for "alternatives" like coal and tar sands


those obscene prices weren't just a theft of our economy but entailed the destruction of our environment as well

[w4rma]

24. Medieval dictator retread. (nt)

[Amerigo Vespucci]

26. Old Abby's really gonna miss those walks in the garden.

[Deja Q]

31. I initially misread that; thought "ABBA"...

Half past twelve
And I'm watching the late show in my flat all alone
How I hate to spend the evening on my own
Autumn winds
Blowing outside the window as I look around the room
And it makes me so depressed to see the gloom
There's not a soul out there
No one to hear my prayer

Gimme gimme gimme a man after midnight
Won't somebody help me chase the shadows away
Gimme gimme gimme a man after midnight
Take me through the darkness to the break of the day

Movie stars
Find the end of the rainbow, with a fortune to win
It's so different from the world I'm living in
Tired of TV
I open the window and I gaze into the night
But there's nothing there to see, no one in sight
There's not a soul out there
No one to hear my prayer

Gimme gimme gimme a man after midnight
Won't somebody help me chase the shadows away
Gimme gimme gimme a man after midnight
Take me through the darkness to the break of the day x2



There's not a soul out there
No one to hear my prayer

Gimme gimme gimme a man after midnight
Won't somebody help me chase the shadows away
Gimme gimme gimme a man after midnight
Take me through the darkness to the break of the day

[Deja Q]

32. duplicate oopsie

[Betty]

28. why didn't he say that when it was at $140 a barrel?

I hope I live to see oil become worthless.

[eilen]

29. That is my dream

The US not needing oil. Fossil Oil going the way of whale blubber. Picking our price.