Crude oil prices drop as Saudi Arabia undercuts OPEC

[Poiuyt]

Crude oil prices drop as Saudi Arabia undercuts OPEC

From Tribune news services
Published October 11, 2006

NEW YORK -- The price of crude oil posted its lowest close since February on Tuesday after Saudi Arabia's state oil company told customers in East Asia and Europe to expect the same quantity of oil in November as this month, undercutting OPEC's plans to reduce output.

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http://www.chicagotribune.com/business/chi-0610110182oct11,0,6161247.story?coll=chi-business-hed

Didn't Prince Bandar once promice Bush that he would lower the price of oil before November to help him? Wasn't that in one of Bob Woodward's books? Hmmm.

[Ignacio Upton]

1. October non-Surprise

If Bush wants Bandar to help him, then he will. We should point out the Bandar connection to blunt the O.S.

[bullwinkle428]

2. "See? Ah told them ta open up dem spigots, and now they're doin' it!"

"Who'z yer daddy now!"

[htuttle]

3. So it's worth REAL MONEY to the Saudi Royal Family...

...to keep Little Boots in power?

Fascinating...

[liberalmuse]

7. Sure. They owe him.

Bush should have gone after Saudi Arabia after 9-11, or at least enlisted his friends to help hunt down the perpetrators. He let them completely off the hook and attacked their enemy instead. Being that most of the hijackers came from Saudi Arabia, it would also follow that many of the 9-11 plotters would also be from there. Like I said, they owe him.

[Lindacooks]

11. More like they OWN him.

God only knows what the Saudis have on the Bushes, but I'll bet it's a doozy.

[Kagemusha]

9. They can spare it.

This isn't like when Saddam was in power for years after the Gulf War and the price of oil was dirt compared to what it is today. And you never hear Bush complaining much about the price of oil. So once the election's over, up it goes, and the US government will go, "Well, that's life."

[itsrobert]

4. Saudi Arabia needs to raise money to fight Americans in Iraq

and fund terrorist attacks around the world. It's takes money.

[liberalmuse]

5. Change that to read 'through November 7th'...

Wow. Shock. Disbelief. Not...

[Selatius]

6. We have got to break our addiction to fossil fuels and the oil companies

We cannot avoid foreign entanglements if we are propping up dictators and thugs in Riyadh and other places just so we can continue to drive our SUVs to buy groceries and drop off the kids at school. We've got to wake up.

[Pirate Smile]

10. That is why the Saudis want to keep the Republicans in control. If the

Dems actually win, they may actual start working to develop alternative fuels instead of just sucking the oil teat forever. Nothing scares the Saudis more then that idea.

[RB TexLa]

8. if they are dumping cheap oil into the US then we should attach tariffs

[spag68]

12. oil

The answer is now and always has been, right in front of us, and it drives the conservatives and freepers nuts. Raise the gas tax and require the car company's to raise MPG. Use the money raised to fund alternative fuels. It's so simple a child could see it, so why can't we. At some point we get all our money back selling food to the creeps in Saudi Arabia, and feeding the impoverished. When the worlds population has a full belly, war will fade like a bad dream.