Bush seeks more oil as Saudis say output is enough
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http://www.channelnewsasia.com/stories/afp_world/view/348291/1/.html
Petrol prices are causing great hardship across the world. Inflation everywhere!!
It is all american fault. they kill off saddam, now who does saudi and kuwaitis afraid of right now? the american can consider to turn their guns at the saudis royal family palace and fire a few rounds. i bet the next day, another few million barrels can be squeese off their ass.
the other day, donald trump was at CNBC, critising the bush administration not strong enough to tell OPEC to increase their supply and how they are ripping off the world!
Another flop in the bush administration.
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Puuuleeesss, the Saudis has us all by the balls, not just USA.
Here's what the Saudis had ta say ,
"Supply and demand are in balance today," al-Naimi told a news conference, bristling at criticism from the U.S. Congress. "How much does Saudi Arabia need to do to satisfy people who are questioning our oil practices and policies?"
If I'm the Saudis, I'd also tell you off.. " Want oil ? Go get your own , Sucker !!!"
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kill of sadaam and u have a new enemy.
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ITS time to invade saudi arabia.LOL
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Here is an interpretation of the 1973 oil shock:
On October 6, 1973, Egypt and Syria invaded Israel, igniting what became known as the "Yom Kippur" war. Contrary to popular impression, the "Yom Kippur" war was not the result of simple miscalculation, a blunder, or an Arab decision to launch a military strike against the state of Israel. The entire constellation of events surrounding the outbreak of the October war was secretly orchestrated from Washington and London, using the powerful diplomatic secret channels developed by Nixon's White House National Security Adviser, Henry Kissinger...
http://earth.prohosting.com/~jswift/engdahl.html
Corroboration of Engdahl's account was provided a few years ago by Sheikh Ahmed Zaki Yamani, who was Saudi Arabia's OPEC minister at the time:
“I am 100 per cent sure that the Americans were behind the increase in the price of oil. The oil companies were in in real trouble at that time, they had borrowed a lot of money and they needed a high oil price to save them.”
He says he was convinced of this by the attitude of the Shah of Iran, who in one crucial day in 1974 moved from the Saudi view, that a hike would be dangerous to Opec because it would alienate the US, to advocating higher prices.
“King Faisal sent me to the Shah of Iran, who said: ‘Why are you against the increase in the price of oil? That is what they want? Ask Henry Kissinger - he is the one who wants a higher price’.”
Yamani contends that proof of his long-held belief has recently emerged in the minutes of a secret meeting on a Swedish island, where UK and US officials determined to orchestrate a 400 per cent increase in the oil price.
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Originally posted by Poh Ah Pak:
Here is an interpretation of the 1973 oil shock:
On October 6, 1973, Egypt and Syria invaded Israel, igniting what became known as the "Yom Kippur" war. Contrary to popular impression, the "Yom Kippur" war was not the result of simple miscalculation, a blunder, or an Arab decision to launch a military strike against the state of Israel. The entire constellation of events surrounding the outbreak of the October war was secretly orchestrated from Washington and London, using the powerful diplomatic secret channels developed by Nixon's White House National Security Adviser, Henry Kissinger...
http://earth.prohosting.com/~jswift/engdahl.html
Corroboration of Engdahl's account was provided a few years ago by Sheikh Ahmed Zaki Yamani, who was Saudi Arabia's OPEC minister at the time:
“I am 100 per cent sure that the Americans were behind the increase in the price of oil. The oil companies were in in real trouble at that time, they had borrowed a lot of money and they needed a high oil price to save them.”
He says he was convinced of this by the attitude of the Shah of Iran, who in one crucial day in 1974 moved from the Saudi view, that a hike would be dangerous to Opec because it would alienate the US, to advocating higher prices.
“King Faisal sent me to the Shah of Iran, who said: ‘Why are you against the increase in the price of oil? That is what they want? Ask Henry Kissinger - he is the one who wants a higher price’.”
Yamani contends that proof of his long-held belief has recently emerged in the minutes of a secret meeting on a Swedish island, where UK and US officials determined to orchestrate a 400 per cent increase in the oil price.
LOL.
For a conductor to be successful, there must be willing players.
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i agree with donald trump!
"tax the american oil company to the max!! see whether price of oil will come down or not".
All all we know, the cartel dont just consist of OPEC but ExonnMobil, shell, conocophillips, chevrontaxaco are part of the price rigging cartel. all of them are reporting record profits which is a win-win situation for all of them.
They are all taking the world for a ride. OPEC tell us, supply and demand are OK.
who is stockpiling such great reserve of oil?? who can do that??
How much they making, you can follow below link:
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An opinion and analysis:
PERHAPS 60% OF TODAY'S OIL PRICE IS PURE SPECULATION
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Originally posted by Poh Ah Pak:
An opinion and analysis:
PERHAPS 60% OF TODAY'S OIL PRICE IS PURE SPECULATION
More like 85% pure speculation...
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Iran will be the Saudis' new enemy.
Don't call the US for help if Iran significantly increases her influence in the Persian Gulf region.
The Saudis can buy her own weapons and fight with her own army. Use her own oil as jet fuel.
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Originally posted by Poh Ah Pak:
Here is an interpretation of the 1973 oil shock:
On October 6, 1973, Egypt and Syria invaded Israel, igniting what became known as the "Yom Kippur" war. Contrary to popular impression, the "Yom Kippur" war was not the result of simple miscalculation, a blunder, or an Arab decision to launch a military strike against the state of Israel. The entire constellation of events surrounding the outbreak of the October war was secretly orchestrated from Washington and London, using the powerful diplomatic secret channels developed by Nixon's White House National Security Adviser, Henry Kissinger...
http://earth.prohosting.com/~jswift/engdahl.html
Corroboration of Engdahl's account was provided a few years ago by Sheikh Ahmed Zaki Yamani, who was Saudi Arabia's OPEC minister at the time:
“I am 100 per cent sure that the Americans were behind the increase in the price of oil. The oil companies were in in real trouble at that time, they had borrowed a lot of money and they needed a high oil price to save them.”
He says he was convinced of this by the attitude of the Shah of Iran, who in one crucial day in 1974 moved from the Saudi view, that a hike would be dangerous to Opec because it would alienate the US, to advocating higher prices.
“King Faisal sent me to the Shah of Iran, who said: ‘Why are you against the increase in the price of oil? That is what they want? Ask Henry Kissinger - he is the one who wants a higher price’.”
Yamani contends that proof of his long-held belief has recently emerged in the minutes of a secret meeting on a Swedish island, where UK and US officials determined to orchestrate a 400 per cent increase in the oil price.
The Arabs' intention to invade Israel was real. It so happened that the US was able to get the best of what was inevitable - The Yom Kippur War.
The Egyptians and Syrians launched a well-planned attack on Israel when the Israelis were standing before their Lord in the synagogues on Yom Kippur, the most important and solemn holiday for the Jews.