Comments on: Saudi Arabia Bullish On Oil's Future

Kingdom's Oil Minister Tells 60 Minutes U.S. Oil Addiction Is Here To Stay Due To Lack Of Alternatives

[oneworldusa]

OPEC did this during the 1970''s oil crisis, and this was a REAL one, not just high prices; lines and limits on which days you could purchase fuel. Jimmy Carter brought about a plan to reduce our oil dependence, and suddenly, when OPEC felt the seriousness of it, oil prices plummeted. Same thing again, folks, a ''fear premium'' oh, please!!! Do we think we have more oil in the world today than we did 3 or 4 months ago, NO!!! They are reducing prices to keep us from becoming independent. We need to charge forward and create our own energies period! Period!

[glasnoft]

It%u2019s great to someone planning for the future of supply. I think Mr. Ali Al-Naimi did a wonderful job representing himself and his company. It%u2019s rare to see such an interview.

M. Olson
Glasnoft Oil
www.Glasnoft.com

[pepperwood2]

Its amazing in August The Arab Cartel was swearing that it had nothing to do with the high cost of Oil. That they were there to help us.

Now they''re doing all they can to create a shortage and hope that Consumers all aroound the world will get back to using more.

I say the Consumers should boycott all these outlaws that have fleece us the last 3 years. The Consumer can resolve these threats & inuendo''s from big oil & the oil cartels. Reduce our personal debt by spending less for all the trash they''re trying to get us to charge on our accounts.

I don''t know about the rest of the people but I''m getting tired of being tricked & manipulated by these oil tycoons, wall street & madison avenue million & billionares that we should spend more of what we don''t have to make resolve this crisis that they created.

[duffyn]

Yeah, an don''t forget a lot of Saudis stll teach their children to hate Americans. I am not racist or anything else. Have never been that way. Just strictly as a matter of course, I would love to be able to tell them - keep your oil, we don''t need it.... Ever suspicious that the price of gas went down so as to make the alternatives too expensive. We won''t forget a lot of things and we will not forget the rediculous spike in gas prices just when it was NOT NEEDED!

[javidmohtash]

I believe that I should remind Ms. Lesley Stahl and especially the producer of the 60 Minutes that a body of water with the Name Arabian Gulf does not exist and the correct name is "Persian Gulf".

[incog-nito]

The Saudi''''s under estimate the ability of the common American to put them out of business.

Dear America,

Drive your cars as little as possible. Cut back on vacations. Car pool. Drive slower. Don''''t "floor it" when you are getting on the highway. Start buying more hybrid cars and support electric vehicles. Let''''s put ali bobba out of business.

Posted by harp1963 at 12:25 AM : Dec 08, 2008

Never going to happen. Americans are by far the most wasteful people on Earth. Flaunting excess to others is a mark of "success". If anything, the recent drop in gas prices will cause people to rush and snap up the gas-guzzlers that have been selling at a bargain.

[yongamerica]

boosting US oil production to the point of having an impact on foreign oil dependence will take better than a decade. And even that is a short term (less than 50 years including a 30 year investment explotation ) solution to US energy needs.

Our country needs to quit looking at the next 5 years as the future, and consider that tomorrow. Our country needs to start projecting 50 years forward as the near future. As America has seen how much advancement has taken place in just ten years, projecting 50 years is still a short term.

[gasmask1]

The problem is our Great and Great Great Grandchildren are either going to be living behind gas mask or either living in Chronic Pain due to our choices today. We could have been energy dependant 20 years ago. Electric cars are not new and the technology is not new, it''s called being forced fed, big people around the world (even the US) are making a lot of money on oil and they are dictating to the common people. Until we get rid of the money hungers in government we will indeed stay addicted to oil. I see no changes in 30 years either! What a shame!

[hermitdave]

I wonder how many who watched that show remember the 1950''s when congress gave the oil companies involved a tax break called the golden gimmick. This was when the Saudi king demanded a 50/50 split of profits. This made me ask why the oil dudes didn''t just have the government attack Saudi Arabia and take back control of the oil. After all it worked in Iraq.

[yongamerica]

The Saudis and the US are closer economically than ANY OTHER NATION, and have been for better than 50 years. While the Saudis are good economic partners they have been less than good politically. The royal family working to preserve their viability have compromised the US for decades. Regardless of the US''s dependence on Saudi oil, it is time for the Saudis to step up to the plate and assume responsibility in the mid-east.

It''s time to get off the freakin fence and choose sides.

[harp1963]

The Saudi''s under estimate the ability of the common American to put them out of business.

Dear America,

Drive your cars as little as possible. Cut back on vacations. Car pool. Drive slower. Don''t "floor it" when you are getting on the highway. Start buying more hybrid cars and support electric vehicles. Let''s put ali bobba out of business.

[bleechdahole]

DOES AL GORE USE OIL?

[boris56]

Since the Saudis want to push oil, why don''t they invest some money to bail out the big three auto makers. What about development of foolproof autopilot cars that would save oil and the environment by eliminating gridlock traffic jams, stress and wasted hours trapped looking at a sea of cars and brakelights.

[jowand]

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America%u2019s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC%u2019s short squeeze on oil supply

[boris56]

Since the Saudis want to push oil, why don''t they invest some money to bail out the big three auto makers. What about development of foolproof autopilot cars that would save oil and the environment for future generations by eliminating gridlock traffic jams, stress and wasted hours trapped looking at a sea of cars and brakelights.

[jowand]

One of those desolate places is Shaybah, a desert wilderness where temperatures can reach 135 degrees. The Saudis say that 18 billion barrels of oil lie beneath the red sand dunes, more than four times the proven reserves of Alaska

The USA has 800 billion barrels of oil in the shale deposits of Wyoming-Colorado-Utah. Three times the Saudis reserves.

[questionss]

History is VERY important:

1971
Saudi Arabia joined Organization of Petroleum Exporting Countries (OPEC)

1973
1973 Arab-Israeli war, Saudi Arabia participated in the Arab oil boycott of the United States and Netherlands.

Saudi Arabia''s Government acquires a 25 percent participation interest in Aramco. Many believe that sale for forced otherwise it would have been nationalized%u2026

1980
Saudi Government acquires 100 percent interest in Aramco.

[whitemale08]

I remember news articles about grain rotting on ships anchored right outside 3rd world countries in Africa because none of them had enough worhtless Federal Reserve Notes to pay for it.

Now according to a Bloomberg article the British controlled Saudis are doing the same to us.

Oil is being stored this time on ships to wait for speculators to bid higher prices on another 1970''s style fake ''peak-oil-shortage'' that was not the fault of Jimmy Carter despite what Republcians say.

However this time it will be different because our economy is officially bankrupt and we can''t even ship more American made cars that the Saudis buy because of the demise of the auto-industry.

Read the article for yourself and put two-and-two together:
http://bloomberg.com/apps/news?pid=20601087&sid=aCStCdOsonHc&refer=home

Globalization stinks!

[swingset4u]

Yup, I only demand 10 Gallons a WEEK. So if every person ONLY demands what they need we can keep the price down.

[cynic3]

People if you push the publish button ONCE you comment will show up. No need to push it 10 times MICHAELAR and MARLOCK16.