use less oil? Saudi says pay up! Saudi prince says the west should compensate the oil producers for reduced consumption due to "fighting global warming" http://www.doomers.us/forum2/index.php/topic,54748.0.html GTFO OF HERE!!!! <table border="0" width="100%"><tbody><tr> <td valign="middle"></td> <td valign="middle"> Saudis want US to pay for reducing oil usage « on: Today at 04:42:32 PM » </td> <td style="font-size: smaller;" align="right" height="20" nowrap="nowrap" valign="bottom"> </td> </tr></tbody></table> <hr class="hrcolor" size="1" width="100%"> Saudis want US to pay for reducing oil usage By Raw Story Wednesday, October 14th, 2009 If you thought the executives at Goldman Sachs were the kings of backroom finance, think again. Goldman Sachs, meet Saudi King Abdullah. A new gambit by the oil-dealing kingdom would have Western oil guzzlers paying for using less oil. Sounds like the opposite of reality, you say? The Saudis say it's the only way they'll be able to afford helping the fight against global warming. The New York Times frames the Saudi idea as, "if wealthy countries reduce their oil consumption to combat global warming, they should pay compensation to oil producers." Saudi climate negotiator, Mohammad al-Sabban, described the position as a “make or break” measure for the oil-heavy kingdom in the lead-up to global climate negotiations in Copenhagen. In an email exchange with the times, al-Sabban said wealthy Western countries like the United States should help the Saudis with "economic diversification" by paying for oil they don't even use. (more)
I am sure, buried somewhere in the Porkulus Bill that NOBODY but the author Madame Pelosi has seen and read, is a line item of several billion obamacredits to the Kingdom of Saud for just this.
they should have been ready for decline in the oil market decades ago. one wonders how the workers of arabia will react once it becomes clear just how much of their nations wealth the house of saud has pissed away.
Until "one" realizes all work in Saudi is performed by "TCN's" ( "Third country nationals"),pakis , indians etc or foreign contractors....So saud pissed away "their" wealth paying paki houseboys, gardeners,drivers and mechanics, which works out pretty good for them... l
