Topic: What's in it for him?
MsCarmen's photo
Fri 05/16/08 07:34 AM
I just read a news article on yahoo news about Bush going to Saudi Arabia to request more production of oil. Here are some portions of that article.

RIYADH, Saudi Arabia - President Bush is appealing to oil-rich Saudi Arabia to increase production just as oil prices have hit another record high.

When the two met here in mid-January, the president asked Saudi Arabia to raise production to ease high prices at the pump. Bush got a chilly response to his plea. The kingdom said it would increase production only when the market justified it, and that production levels appeared normal.

Oil prices climbed to a new high Friday, above $127 a barrel. At the pump, gas prices rose to a national average of $3.78 per gallon, according to a survey of stations by AAA and the Oil Price Information Service.

When Bush first ran for president in 2000, he criticized the Clinton administration for high fuel prices and said the president must "jawbone" oil producing nations and persuade them to drop rates. At that time, oil was nearing $28 a barrel.

Bush's visit to Saudi Arabia, which has the world's largest supply of oil, comes two days after Congress voted to temporarily halt daily shipments of 70,000 barrels of oil to the nation's emergency reserve. Bush has refused to stop pouring oil into the Strategic Petroleum Reserve, saying the stockpile was meant for emergencies and that halting the shipments would have little or no impact on gasoline or crude oil prices.

It's a move that Democrats have sought for the past year to increase supply and apply downward pressure on prices. With an eye to the November election, the Senate sent the measure to the president Wednesday night without a single GOP objection. The White House has indicated that Bush will sign the reserve measure.

Anthony Cordesman, a security analyst for the Center for Strategic and International Studies, said Abdullah may produce something "simply because it's good manners," but nothing that would have a significant effect.

"U.S. influence over OPEC and Gulf oil production is diminished," he said. "It's not clear what the incentive is to Saudi Arabia. We can't deliver on (Mideast) peace. We can't deliver on arms transfers. We can't deliver on the Iraq that Saudi Arabia wants. We are raising problems in terms of Iran. And the reality is the market isn't being driven by us; it's being driven by China, by India, by rising Asian demand."

Jon Alterman, director of the CSIS' Middle East program, said the Saudis, with a public that doesn't like Bush and a ruling monarchy with growing interests elsewhere, are not likely "to put themselves out to help this president."

"The Saudis don't have an alternative to keeping the U.S. in its corner, but their reliance on the United States, their confidence in the United States is extremely shaken," Alterman said.

The Saudi-American relationship began in the 1940s with a simple bargain: Saudi Arabia offered oil in return for U.S. protection. The United States became the kingdom's biggest trading partner and the Saudis became the biggest buyers of U.S. weapons. Many Saudis sent their children to American schools.

But over the years, issues arose.

Saudis, like other Arabs, feel Washington leans unfairly to Israel's side in the dispute with the Palestinians.

And Saudi-U.S. ties took their hardest hit after the Sept. 11, 2001, attacks, in which 15 the 19 airline hijackers were Saudis. Americans blamed Saudis for allowing the religious extremism that gave rise to the hijackers. Though anti-terror cooperation has been relatively strong since, Saudis still smart from what they feel are unfair accusations.


Now I'm trying to figure out #1 What's he getting out of this?, #2, If Saudi Arabia refused in Mid-January to increase production, what makes him think that they are going to agree to do it only 4 months later? and #3, What makes him think that Saudi Arabia is going to agree when they still have a grudge against us and hate our President?

I just don't get it!huh

yrendon's photo
Fri 05/16/08 07:45 AM
I got a copy of a documentary called Louder Than Words (Loose Change - 2nd Edition). I'm sure it can be found somewhere on the net or something. It's amazing the things that are in this film. There is a lot of evidence that contradicts what we know about our government and different things about 9/11. I'm not a very political person but if I knew how to... I'd post this all over the net!

no photo
Fri 05/16/08 09:27 AM
And the reality is the market isn't being driven by us; it's being driven by China, by India, by rising Asian demand."

This is the bottom line for high oil prices. The media can spin it 17 different ways but in the end it will be basic economics - supply and demand.


Fanta46's photo
Fri 05/16/08 12:47 PM
Edited by Fanta46 on Fri 05/16/08 12:50 PM
Rock on mscarmen,drinker

Is it any wonder?

While the American people continue to fund the recovery of Iraq. The Bush backed Iraqi gov. banks billions, the oil companies continue to report record profits, the US economy goes bottom up, and the Iraqis beg for debt forgiveness from their neighbors. (OPEC)
We have the largest most powerful military in the world parked right square dab in the middle of the ME, and constantly meddle in their affairs while continually stirring the prospects of yet another war!

OPEC has responded by refusing to forgive the Iraqi's debt, refused to increase oil production, and have raised the price on a barrel of oil to record levels. I guess they want to get their share of the profits.
Next time your at the gas station counting pennies to pay for gas, and trying to figure how to pay for groceries which are a direct result of rising gas prices. Thank Bush, his aggressive foreign policies, and the sheeple people who fancy worshiping him as a God!

Makes you want to smack the chit out of someone doesn't it??

MsCarmen's photo
Fri 05/16/08 01:58 PM

Makes you want to smack the chit out of someone doesn't it??


OH HELL YEAH:=:angry: :angry: