Our assumed friends in Saudi Arabia give Bush and America their oil-stained middle finger.
AP: Saudis see no reason to raise oil production now By JENNIFER LOVEN
Saudi Arabia’s leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices.
It was Bush’s second personal appeal this year to King Abdullah, head of the monarchy that rules this desert kingdom that is a longtime prime U.S. ally and home to the world’s largest oil reserves. But Saudi officials stuck to their position that they will only pump more oil into the system when asked to by buyers, something they say is not happening now, the president’s national security adviser told reporters.
Translation? The high prices suit us Saudis just fine!
So it’s not just the environmentalists who are holding the American economy hostage with their refusal to permit us to drill for more oil in America or their economically ignorant push for ethanol production.
Now it’s the Saudis.
Think 4 and a half dollars is a lot for a gallon or gas? The way things are going, what is stopping $6/gallon?
Meanwhile Oil edges towards $128 a barrel
Filed under: Environmentalism , Environmentalism, gasoline, Oil, saudi arabia
