Saudis see no reason to raise oil production now

[Cindy S.]

http://www.breitbart.com/article.php?id=D90MQF200&show_article=1

I figured they would say that.

[lilbitsyspider]

Why should they pump more? There is plenty of oil being pumped. It's our sinking dollar..."inflation" that's driving up the cost of everything. Pumping more oil would not fix our money problem here in the states. Poor management of our finances, tax dollars, greed and poor government officials are the reasons for this problem (rising fuel and grocery).


Even if they did pump more oil, it would be months before you'd see any real difference at the pump. It's silly and dumb for our president to belittle himself by asking such a stupid question, but if he hadn't too many Americans' would slame him for not trying. He already knew the answer before he asked, they told him last time it wasn't the oil but our sinking dollar and they are right.:hat

[adc]

Sigh...I saw President Bush on TV sitting with the Saudis and thought it was a bit pitiful. Back in Saudi Arabia begging for more oil. And when they decided to increase production, he replied publicly a lot like Oliver Twist did, "It's not enough!".

[Hal4511]

"Behind the scenes, some sources in the oil industry are hinting that it may be more correct to says that the Saudis can't raise production even if they wanted to as a gesture toward the US. Why? Peak Oil. Recall that Peak Oil doesn't mean the world is out of oil, it simply means that we are not able to get it out of the ground any faster than we did a year or two back. There hasn't been enough exploration, new equipment brought on line and so forth.



Hence, Peak Oil results from aging equipment meeting up with oil fields that are, in many cases, well past their peak. I've recommended you read oil financier Matt Simmons PowerPoint's every time they come out - it's one way to see what's being talked about at the boardroom level of the oil industry."


http://www.urbansurvival.com/week.htm

[Paid In Full]

The price of fuel has gone up the same in Canada as it has in the US. This fuel price has little to do with the weak US Dollar. I've felt that this looks like peak oil but I didn't want to say it. If it is peak oil then what does that mean for us? Any comments?

Higher prices, $200+ per barrel, rising food costs, etc.

[sunshine2777]

Ok, repeat after me:

The Saudi's are NOT our friends!

The Saudi's are NOT our FRIENDS!

The SAUDI'S are NOT our FRIENDS!

THE SAUDI'S ARE NOT OUR FRIENDS!:doh


Thank you. We now return to regularly scheduled programming. :faint

[Deputyez]

The Saudis are not our friends!
The Saudis are not our friends!
The Saudis are not our friends!

[sunshine2777]

The Saudis are not our friends!
The Saudis are not our friends!
The Saudis are not our friends!

Thank you! Thank you very much! (Signed: Elvis)

[saulteux]

"Behind the scenes, some sources in the oil industry are hinting that it may be more correct to says that the Saudis can't raise production even if they wanted to as a gesture toward the US. Why? Peak Oil. Recall that Peak Oil doesn't mean the world is out of oil, it simply means that we are not able to get it out of the ground any faster than we did a year or two back. There hasn't been enough exploration, new equipment brought on line and so forth.



Hence, Peak Oil results from aging equipment meeting up with oil fields that are, in many cases, well past their peak. I've recommended you read oil financier Matt Simmons PowerPoint's every time they come out - it's one way to see what's being talked about at the boardroom level of the oil industry."


http://www.urbansurvival.com/week.htm

That certainly sounds like a plausible explanation for the response President Bush received from the Saudi's. Unfortunately, if true, then things are a bit more serious than just the devaluation of the dollar.

[HisAlways]

Of course not......they see no reason to contribute some of their billions to feeding the hungry, or helping those living among devastation either.

Evil.....just pure evil.