U.S. To Saudis: Please Pump More Oil!

U.S. Energy Secretary Samuel Bodman told Saudi Arabia's oil minister Saturday that OPEC should increase oil output.

Bodman told reporters before his meeting with Saudi Oil Minister Ali Naimi that oil production should be increased in order to meet growing demands.

His visit to Saudi Arabia - which has the world's largest supply of oil - come just before a Feb. 1 meeting of the Organization of Petroleum Exporting Countries meeting in Austria in which the oil cartel could consider increasing oil production if it deems it necessary.

It also comes less than a week after U.S. President George W. Bush raised the same concerns in Saudi Arabia. Mr. Bush said oil prices were very high and "tough on our economy."

The White House said Wednesday that Saudi Arabia's King Abdullah told Mr. Bush that he was worried about the effect of high oil prices on the world economy - but there was no commitment from the king about increasing oil output.

On Tuesday, Naimi said that Saudi Arabia would raise production levels only when the market justifies it, and that the current inventory seemed normal.

OPEC oil accounts for about 40 percent of the world's needs, and OPEC ministers often follow the lead of the Saudis when discussing whether to increase production to take the pressure off rising prices.

Crude oil prices inched up Friday after three days of losses as investors struggled with concerns about the U.S. economy.

Light, sweet crude for February delivery rose 44 cents to settle at $90.57 a barrel on the New York Mercantile Exchange on Friday, but prices alternated frequently between gains and losses.

[samsel3]

Reuters uk-business: January 14, 2008 reported that %u201D US/Iran tensions over it%u2019s nuclear programs may cause Iran to retaliate by cutting oil production%u201D . This will cause the price of oil to go even higher. More profits for BIG OIL. Part of Cheney''s energy policy is to build multiple pipelines from many areas of the region so that the US & British oil interests can control global markets and weaken Russia''s and Irans positions.
Reuters uk January 18, 2008 : " Iran has some awesome colleagues. Russia and China have become guardians of the Iranian economy. They don%u2019t put religion between business and political advantages. The US is sorely lacking in intelligent Foreign Policy. Hitler%u2019s Foreign Policy has been resurrected to serve the needs of an oil agenda and turn the US into the most disrespected and despised world power ".

[samsel3]

The Bush administration is trying to stop a new Natural gas deal between Iran and Italy. Next to Russia Iran has the second largest supply of natural gas. The new pipeline will move several billion cubic feet per day across Turkey and then either Greece or Albania. The gas export to Europe is being strongly opposed by Bush & Cheney as it does''nt fit in with their master energy plans.
China Daily December 25, 2007

[samsel3]

January 9, 2008 Bush met with the president of Turkey on the 10th he was in Israel. The connection are the Turkey Israeli pipelines, the real purpose of the recent middle east peace summit . The actual story are the proposed oil pipelines that will be built down the coast from Turkey to Israel. Condi Rice is trying to broker this deal. BP oil, US oil interests and the Saudis all have a stake in that pipeline. Domonique Strauss- Khan managing director of the International Monetary Fund and Robert Zoellick president of the World Bank were in attendance. Big money won%u201Dt finance the venture without stability in the region.

Eilat-Ashkelon Pipeline Co. major Israeli oil company needs more crude and this is why the Turkey Israeli pipelines are going to be built%u2026%u2026From there corporate site some info..%u201D.One of the reasons that triggered this project was the assumption that part of the crude oil produced in Russia, the Central Asian Republics or in the Caucasus and loaded at Black Sea ports can be marketed at competitive prices for distribution in Southern Asia and the Far East%u201D.

[tbweb]

Between Bush''''s a$$ kissing tour last week and Bowden today, there''''s probably not much doubt left in anyone''''s minds who''''s the real world superpower: Saudi Arabia.

Posted by pakaal at 08:32 PM : Jan 21, 2008,,,

Financial power is relative, military power is absolute, so I wouldn''t concede anything to the Saudis just yet! However if we screw up and sell them our F-22 Raptors then that could be a different story, but we won''t! :)

[pakaal]

sorry for the typo, not Bowden, Bodman.

[pakaal]

Between Bush''s a$$ kissing tour last week and Bowden today, there''s probably not much doubt left in anyone''s minds who''s the real world superpower: Saudi Arabia.

[samsel3]

On September 14,2002 Rep. James McDermott at a Capitol Hill Briefing said that politics and oil, not fear that Iraq will use WMD are driving factors behind the presidents call for regime change. McDermott said there was an organized effort to squelch such discussions. "The political operatives in the white house have been very careful to spin it away from oil. Anytime anybody sees a connection they spin it the other way".

[samsel3]

Taking out Saddam helped BIG OIL drive the prices up. A few months before the invasion, gasoline was 89 cents a gallon. Iraq''s oil infrastructure was rebuilt when Cheney controlled Haliburton. Halliburton/Iraq deal was done through the French because it was illegal for US companies to deal with Iraq, except for the oil for food program which US oil companies participated in.
Saddam actually lowered the world price of oil by selling it cheaper to Russia, China, France, Germany and South Korea before the invasion. He created an advantage with US & British oil by charging them more for oil than these countries increasing competition. US oil companies then got subsidies from the congress.

[glaswolf]

DemWatcher: Do you remember WWII? Our oil reserves are to wage war against the world, except for Russia and Red China ... it has to do with evolutionary compatibility. Basicly, we use the oil and essential resources from nations which we by rights should have exterminated for their transgressions. Notice the genetic stock pseudolegal immigrants of these nations organize with direction from their source nations against functional development within the contiguous 48, the antinuclear energy or antiabortion or anti-intellectualism or antimartialism like using mercenaries in antidraft movements weaken us. They are hostile treasoness embeddings of families who came here thru places like Ellis Island''s Trojan Horse starting in 1895, along with bitter southerners and others we defeated. AntiIndian workforce movements concerning espanol speaking southern Indians in Infantry Allied workforces are current economy busting embedded antiAmerican movements of treason. When we depleat our oil, we will conquer and destroy all aggressor nations from our past. The EU immigrants are driving our price of gallon to theirs, they are our enemies claiming to be friends, but they hate us as their antiIndian hate rhetoric manifests.

[glaswolf]

The problem isn''t an energy problem, it is a political problem of too many decisions being made by votes of people who are ignorant of solutions. Nuclear power is an essential solution, but our euromediterranean immigrants specifically undermine our efforts because they measure everything against their lives because they are serf stock and view people like chattle. Serfs raise people like animals which is why the judeo christian right pushes anti abortion or the idea that life starts at conception. They are animal parasites using our political system of beings to raise people like draft animals to work as opposed to think and evolve being. It is insane and we must come to grips and separate out the serf embeddings. Pornography is a sympton of serfdom. Anti intellectualism like paper mills or reduce the number of PhD''s is serf philosophy ... we used to call it organized dumbing down, it has been done with the blacks who are the most vulnerabale of the world''s races. Jewish social engineering of black movements have crippled black education thru affirmative action and is the source of Black-Jew tension, it is a form of genocide against blacks.