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Discussion Starter #1
http://money.cnn.com/2004/04/19/new...dex.htm?cnn=yes

NEW YORK (CNN) - A top Saudi official has assured President Bush that his country will increase oil production to lower gas prices before November to help the president's re-election prospects, according to a broadcast report Sunday.

Washington Post journalist Bob Woodward, discussing his new book on the run-up to the Iraq war on CBS' '60 Minutes,' said Prince Bandar bin Sultan, the Saudi ambassador to the United States and a long-time friend of the Bush family, has given the pledge that "certainly over the summer, or as we get closer to the election, they could increase production several million barrels a day and the price would drop significantly."

Earlier this month, the Saudi ambassador publicly said his country wants to stabilize world oil prices because of the effect a price spike might have on economies around the world, including Saudi Arabia. He did not link the effort to the U.S. election.

Record-high gas prices have become an issue in the presidential race between Bush and the presumptive Democratic nominee, Sen. John Kerry.

Kerry has criticized Bush for not doing more to bring high prices under control, while the Bush campaign has run ads noting that Kerry once supported a 50-cent per gallon increase in the federal gasoline tax, which would have meant even higher prices.

Amid concerns that plans by OPEC to cut oil production could raise prices even further, Prince Bandar went to the White House April 1 to meet with National Security Adviser Condoleezza Rice and to deliver a message to Bush from Crown Prince Abdullah, the de facto Saudi ruler.

Afterward, he told reporters that Saudi Arabia is committed to heading off any shortages in the world energy market.

"We will not allow shortages in the market because that will hurt the world economy," he said. "Saudi Arabia does not live on the moon. When the world economy gets hurt, we get hurt also."

He also said that the president and the crown prince "have been in touch on this subject for a while now."

"Both leaders feel strongly that higher energy prices have a negative impact on the world economy and on the recovery of the world economy," Prince Bandar said. "We will not allow shortage of the markets of oil in the market to increase the prices."

The ambassador said Saudi Arabia would like to see the price of oil, which now tops $33 a barrel, to be between $22 and $28 a barrel.

OPEC has said it plans to cut production by as much as 1 million barrels per day in April, which would further increase prices. However, Saudi Arabia, as OPEC's most influential member and largest producer, could thwart those plans.
 

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"We will not allow shortages in the market because that will hurt the world economy," he said. "Saudi Arabia does not live on the moon. When the world economy gets hurt, we get hurt also."
yeah, the saudi's are OUR FRIENDS!!

(with friends like that, who needs enemies?) ;(

if anyone is deserving of having a 'glass parking lot', its the saudi ruling family.
 

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George Bush: Soft on Terrorism.

We don't have bin Laden. And Bush is in bed with Saudi Arabia, which says one thing and does another to support terrorists.

It's time to clean house. Both our White House and the House of Saud.
 

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91 16V Jetta said:
Next thing people will say is that the gas prices are too high. :roll:
They are too high, but for the wrong reasons (greed). I'd like to see a much higher gas tax to pay for roads/maintenance.
 

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VAB5 said:
91 16V Jetta said:
Next thing people will say is that the gas prices are too high. :roll:
They are too high, but for the wrong reasons (greed). I'd like to see a much higher gas tax to pay for roads/maintenance.
You would rather trust the wonderful government with your money, but not a private business? VAB5, we are a capitalist country, they can charge whatever the market will support. Isn't there already a gas tax to fix roads?
 

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16V, responses would take this thread too far off-topic. Suffice it to say that I think the gubment should only be in charge of a few things--roads are one of those things.
 

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91 16V Jetta said:
You would rather trust the wonderful government with your money, but not a private business? VAB5, we are a capitalist country, they can charge whatever the market will support. Isn't there already a gas tax to fix roads?
all the more reason to kick Bush out of office. Worst of both worlds. :thumbdow:
 

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The BROADER and much more significant issue is...

Bush making sweetheart deals with Saudi officials to keep himself in power....after which he'll be INDEBTED to these Saudi officials.

umm...this is what organized criminals do. Get it? :poke:

Lick Bush in '04 :p
 

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Why would Bush be indebted to them...

We are their customer...they need to keep us happy or we don't buy oil from them...

We took out Sadaam so there would be stability in the region. It was for the better good because now they won't have to worry whether Sadaam will attack them...
 

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Discussion Starter #11
So we went to war with Iraq to protect our oil supplies?
 

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We didn't need a war to protect it, because Sadaam was exporting Iraqui oil. Protecting the oil supply (Saudi and Kuwaiti oil) is a pleasent byproduct of the war. Stability in the region is a key to stability in the world economy which we all know is strongly tied to the price of oil...
 

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Tyrannosaurus said:
Bush making sweetheart deals with Saudi officials to keep himself in power....after which he'll be INDEBTED to these Saudi officials.

umm...this is what organized criminals do. Get it? :poke:
"yo! whuddya want?"

 

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VAB5 said:
91 16V Jetta said:
Next thing people will say is that the gas prices are too high. :roll:
They are too high, but for the wrong reasons (greed). I'd like to see a much higher gas tax to pay for roads/maintenance.
Greed? Exxon is making an 8% profit on revenues last quarter. Sounds very reasonable to me.
 

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LoneStarPoke said:
Why would Bush be indebted to them...

We are their customer...they need to keep us happy or we don't buy oil from them...

We took out Sadaam so there would be stability in the region. It was for the better good because now they won't have to worry whether Sadaam will attack them...
Bullshit...we NEED their oil. It's not like we're gonna NOT BUY IT! :poke:

So you think it's perfectly fine that a politician make a deal with a foreign power that affects all Americans with sole purpose of getting himself reelected? Not a proud moment.
 

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they know if another president takes office they will be funding exploration of alternative energy methods...and we all know mr bush's ties to oil.
 

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Urlik said:
Provided you believe that story....of course we know you would because it's anit-Bush.
Even the White House hasn't denied it. I guess you DON'T believe it because you're PRO-Bush. :roll:

He's not your mommy. He CAN do wrong.

Let's for argument's sake assume it's true...would you STILL vote for him? :roll:

The man's going down.
 

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Saudi gasoline pricing plan for Oct/Nov:

Red states $3.00 per gallon
Blue states $1.00 per gallon

I'm gonna write in Prince Bandar in November...
 
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