Comments on: Saudis To Increase Summer Oil Production

CBS News Learns World's Largest Producer Will Raise Output, But Pump Prices May Not Be Curtailed

Add a Comment See all 380 Comments
by shanev137 June 16, 2008 10:37 AM EDT
Effective immediately we need to start exporting all of our agricultural products to the middle-east at $140 a pop.

Wheat - $140 a bushel.
Corn - $140 a bushel.
Soybeans - $140 a bushel.

You get the idea.
Reply to this comment
by trishab4 June 16, 2008 10:20 AM EDT
CBS: Saudis To Increase Summer Oil Production
CBS News Learns World''s Largest Producer Will Raise Output, But Pump Prices May Not Be Curtailed

- Of course, prices will not be curtailed. Whatever Saudis or OPEC countries do, in order TO REDUCE the price at the PUMP, they just cannot. It''s the Oil Cartel such as Exxon-Mobil, Texaco, BP, Shell, Sunoco etc together with the US government... who decide the refining level, increasing or not the market availability. Of course they have no interest in reducing the price. Come on! Ask any oil expert, they will tell you, they need to finance the war effort in the Middle-East and other spots of the world, maintaining the war facilities and manufacturing running and its economy, thus this paramount level of profit.
Reply to this comment
by trishab4 June 16, 2008 10:20 AM EDT
CBS: Saudis To Increase Summer Oil Production
CBS News Learns World''s Largest Producer Will Raise Output, But Pump Prices May Not Be Curtailed

- Of course, prices will not be curtailed. Whatever Saudis or OPEC countries do, in order TO REDUCE the price at the PUMP, they just cannot. It''s the Oil Cartel such as Exxon-Mobil, Texaco, BP, Shell, Sunoco etc together with the US government... who decide the refining level, increasing or not the market availability. Of course they have no interest in reducing the price. Come on! Ask any oil expert, they will tell you, they need to finance the war effort in the Middle-East and other spots of the world, maintaining the war facilities and manufacturing running and its economy, thus this paramount level of profit.
Reply to this comment
by trishab4 June 16, 2008 10:08 AM EDT
FeelFreek4U, a subhuman Arab, posing as a patriotic American.
--------------------------------------------------------------------------------
Posted by juwboy at 05:50 AM : Jun 16, 2008

-juwboy, Is it because FF''s telling the truth?
Reply to this comment
by rudy654-2009 June 16, 2008 9:39 AM EDT
"An oil production increase by the Saudi government may not significantly bring down prices at the pump," said Falk, "but it will ease the rising cost at least temporarily, and lessen some of the U.S. Congress'' angry response, including threats to block U.S. arms sales."
**************

Translation from the excerpt above: "Let''s throw them a diversionary bone before they get wise as to the true reason they are being gouged."
Reply to this comment
by juwboy June 16, 2008 8:50 AM EDT
FeelFreek4U, a subhuman Arab, posing as a patriotic American.
Reply to this comment
by feelfree4u June 16, 2008 6:07 AM EDT

Why no Exxon-Mobil ad for this article?
Reply to this comment
by j-whitman June 16, 2008 4:57 AM EDT
Silly thing is, the Saudi''s still have yet to denonce wanting Israel wiped off the map.
Reply to this comment
by j-whitman June 16, 2008 4:55 AM EDT
guadalcanal3,,, They say not to worry, the skyscrapers aren''t a national security asset as CSX Railroad is. Just an American landmark.
Reply to this comment
by j-whitman June 16, 2008 4:53 AM EDT
guadalcanal3,,, I think we already gave them weapons if I''m not mistaken. It''s better for the ailine insurance company lobby''s
Reply to this comment
See all 380 Comments

Exclusive Webshow

International recording artist Shakira on love, career and more. Watch Now

  • MOST POPULAR
Latest News
News in Pictures
Scroll Left Scroll Right
  • Day in Pictures Day in Pictures

    A Glimpse at the Day's News as seen through a Camera Lens

  • Sports Sex Scandals Sports Sex Scandals

    See Which Athletes Made Headlines For Their Performances Off The Field

  • World AIDS Day 2009 World AIDS Day 2009

    Around the World, Awareness and Prevention of the Disease Take Center Stage

  • Celebrity Circuit Celebrity Circuit

    Natalie Portman, Stanley Tucci Honored at Gotham Awards

  • Day in Pictures Day in Pictures

    A Glimpse at the Day's News as seen through a Camera Lens

  • Chelsea Clinton Chelsea Clinton

    The Former First Daughter Grew Up in the White House and in the Public Eye

Connect with CBS News

Stay connected with the CBS News using your favorite social networks and online news applications: