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Thursday, January 18, 2007

The Saudis 

are trying to drown the Iranians...in oil. Oil prices are down below $50 per barrel for the first time in quite some time. And down 1/3 from their $76 highs. While some OPEC members long for production cuts to support higher prices, the Saudis (OPEC's leader) are clearly letting prices go.

Declining oil prices aren't good for an expansionist, tyrannical theocracy which has a dying or dead despot (Khamenei) trying to acquire nuclear technology to dominate the Arab Middle East. I guess the Saudis have figured out they can do without the next goldplated, 500 foot megayacht in favor of trying to drown the Iranian economy in Saudi oil.

Good for the SUV market to boot.

5 Comments:

By Anonymous Anonymous, at Thu Jan 18, 04:24:00 PM:

That's a really interesting observation and one that I think is spot on. Thanks for the post.  

By Blogger Georg Felis, at Thu Jan 18, 06:22:00 PM:

They also are not good for Chavez, for many of the same reasons.  

By Blogger Trochilus, at Fri Jan 19, 07:54:00 PM:

Vice President Cheney visited there at the very end of November, to discuss a range of issues, at which time the subject of Iraq security was front and center.

Cheney and the Saudi monarch put in an appearance for reporters before their private session.

"Now truly the security situation is really becoming very serious," King Abdullah said through a translator."

"Cheney has visited Saudi Arabia at least three times before, most recently in January, when he met King Abdullah to discuss Iraq, Iran's nuclear ambitions, Syria, the Israeli-Palestinian conflict and Lebanon."

"With Iraq on the brink of all-out civil war, the Bush administration has begun a new push to break the cycle of violence by enlisting the help of moderate Arab nations while also tackling the Israeli-Palestinian conflict."
(emphasis added)


Of course the left portrayed it as Cheney being summoned to Saudia Arabia, linking to a WaPo story for support, which was a review of a book which had nothing to do with anyone being summoned anywhere.

Back to reality. Perhaps lower prices for oil on a temporary basis would have been a topic on the agenda -- you know, the old mutual interest thingy -- as a way of killing or forestalling the nuclear domination potential of Iran.

The Saudis hate the Persians, as intrinsinctly do all Arabs. Recall the final words of Sadaam Hussein.  

By Blogger Trochilus, at Sat Jan 20, 11:55:00 AM:

The following sentence, which was included in my comment above,

"Cheney and the Saudi monarch put in an appearance for reporters before their private session."

was from the Reuters story I linked, and should have been in quotes and italics. My apologies for the inadvertent error.  

By Blogger Dawnfire82, at Sat Jan 20, 12:05:00 PM:

And many conservatives don't think that we should be friends with the Saudis.

But they can be very useful.  

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