Saudi Arabia and the United Arab Emirates are dismissive of U.S. imperatives to boost oil and gas production, and lower prices.
https://www.wsj.com/amp/articles/saudi- ... 1646779430
If Saudi Arabia had to live with the tension of functional secular states being nearby perhaps the U.S. might have stronger negotiating power with Saudi Arabia. In the war on radical Islamic Terrorism The U.S. prioritized attacking states run by relatively secular governments. After destroying Iraq, Libya, and trying to destroy Syria, we have endowed Saudi Arabia the freedom to have much more influence on the region.
https://www.washingtonpost.com/business ... story.html
Saudi strategery
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Re: Saudi strategery
Thanks for posting these. Interesting reading for multiple reasons.
One of the reasons certainly being the fact of The Washington Post publishing an op-ed calling, essentially, for the US president to "get over" the House of Saud's murder of Jamal Khashoggi, a journalist who wrote for… The Washington Post.
Ouch. That says a lot of things about the whole culture, but especially about Beltway journalism.
One of the reasons certainly being the fact of The Washington Post publishing an op-ed calling, essentially, for the US president to "get over" the House of Saud's murder of Jamal Khashoggi, a journalist who wrote for… The Washington Post.
Ouch. That says a lot of things about the whole culture, but especially about Beltway journalism.
:: matt kuhns ::
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Re: Saudi strategery
The ‘price at the pump’ has seemed wildly inconsistent with the trading prices of barrels of oil.
Saudi Arabia has seen fit to cut production of oil.
https://m.youtube.com/watch?v=rgZwvVKA0Gg
This will generate more funds for them to invest in professional golf and doomed mega projects.
Saudi Arabia has seen fit to cut production of oil.
https://m.youtube.com/watch?v=rgZwvVKA0Gg
This will generate more funds for them to invest in professional golf and doomed mega projects.
"shall we have peace" - Henry Charles Carey
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Re: Saudi strategery
ryan costa wrote:The ‘price at the pump’ has seemed wildly inconsistent with the trading prices of barrels of oil.
Saudi Arabia has seen fit to cut production of oil.
https://m.youtube.com/watch?v=rgZwvVKA0Gg
This will generate more funds for them to invest in professional golf and doomed mega projects.
A reminder that OPEC is a monopoly and that its member states operate it as such.
Once upon a time, I spent the weekend with the now former chairman of OPEC (Mr. Al-Naimi) and some oil company executives. At the time, Mr. Al-Naimi was Minister of Petroleum for the Kingdom of Saudi Arabia.
--A most interesting experience, indeed.
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Re: Saudi strategery
There are about 13 OPEC nations. They produce about 40 percent of global oil production. I am not sure this represents a monopoly. It might be considered a consortium or syndicate, or even an oligarchic organization.
Maybe 5 to 10 companies dominate U.S. oil production. I do not know if they exercise monopolistic or oligarchic powers. Or how the commodities bidding process works on it. The trend is that their taxes keep getting lower, but they do not pass these savings on to the consumer.
They can use their profits to fund more lobbying, PACs, and “think tanks”. The best think tanks!
https://www.americanprogress.org/articl ... -the-pump/
Maybe 5 to 10 companies dominate U.S. oil production. I do not know if they exercise monopolistic or oligarchic powers. Or how the commodities bidding process works on it. The trend is that their taxes keep getting lower, but they do not pass these savings on to the consumer.
They can use their profits to fund more lobbying, PACs, and “think tanks”. The best think tanks!
https://www.americanprogress.org/articl ... -the-pump/
"shall we have peace" - Henry Charles Carey
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