Saudi Arabia Walks Out on OPEC

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#282062 - 09/13/08 03:29 PM Re: Saudi Arabia Walks Out on OPEC [Re: Lawmage]
Myrddin Sci/Tech Mod Registered: 01/17/04 Loc: Earth, Solar System, Milky Way	Gas prices will increase because of the impact of the hurricane on Texas refineries. Also, the Saudi royal family does not want to lose US support, because it is quite possible some type of public uprising or coup will happen there. Therefore this refusal to cut production, is based upon politics not "integrity" on the part of the Saudis. _________________________ "Religions are all alike -- founded upon fables and mythologies" - Thomas Jefferson For small creatures such as we the vastness is bearable only through love. - Carl Sagan
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#282064 - 09/13/08 03:32 PM Re: Saudi Arabia Walks Out on OPEC [Re: Myrddin]
Dax Administrator Registered: 08/01/99 Loc: New York, NY (New York)	Oh, I would never accuse the Saudis of integrity, I just want to know about prices.
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#282082 - 09/13/08 06:28 PM Re: Saudi Arabia Walks Out on OPEC [Re: stone]
Sleek Phantom Mystic experienced member Registered: 10/02/07 Loc: United States	I say it's too little , too late. If they were a real friend they would have done this a long time ago. Edited by Sleek Phantom Mystic (09/13/08 06:29 PM) _________________________ Sleek Phantom Mystic
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#282202 - 09/14/08 04:15 PM Re: Saudi Arabia Walks Out on OPEC [Re: stone]
Elena enthusiastic member Registered: 07/10/05 Loc: Moscow, Russia	Quote: This is quite significant as Saudi is the largest oil producer in the world. Wrong. The largest oil producer is Russia. Maybe you wanted to say "exporter"? _________________________ "It is better to be roughly right than precisely wrong"
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#282232 - 09/14/08 06:33 PM Re: Saudi Arabia Walks Out on OPEC [Re: Elena]
stone Computer Tips Moderator Registered: 01/07/03 Loc: NH	As of 2006, the worlds largest oil producer was Saudi Arabia, Russia came in a close second. http://tonto.eia.doe.gov/country/index.cfm http://en.wikipedia.org/wiki/List_of_countries_by_oil_production So feisty, you are. _________________________ --Stone-- Jim Webb for President!!
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