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rdean
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Is it the prince who is one of the owners of "Fox News"?
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Is it the prince who is one of the owners of "Fox News"?
Another thing on the Saudi Prince's mind is the fact that when oil prices spiked Russia surpassed Saudi Arabia to become the number one oil producer in the world in October of 2008. Saudi is going to have to lower it's price to get it's market share back. We could be seeing the start of oil price wars.
People forget stuff. In 1986 the Sauds drove the price of oil down to $11 bbl...it shut the old Soviet Union down. Reagan and 'Star Wars' technology were ancillary. In the short term, they can do it if they want to.
The lowest cost per barrel producer always wins.
Jiggsy, why do you pretend that a blog, like TOD, is a source of anything except the ideas of a few people who in most cases aren't any smarter than you are on this topic?
Before TOD arranged their latest echo chamber, good ol' boy backslapping and choir singing church exercise in Washington, TOD was challenged to actually invite a world class scientist in the geoscience and resource fields to speak to the congregation. The guy recommended also happens to be a Hubbert historian, and would have been happy to attend.
The person who dared to know and name a real life, published and peer reviewed scientist on the topic was summarily banned.
Sounds to me like they are as afraid of a bright light being introduced under their rock as you are. You aren't shilling for that particular blog are you? Things been a bit slow since peak oil happened and no one noticed? Need to ramp up the scare factor to drive some traffic there way perhaps?
You wouldn't last 5 minutes on ToD without being laugh-out-loud rejected as a classic industry shill.
Saudi prince calls for lower oil prices - CNN.com
Alternative fuels have the Saudi's concerned. Once their crude is gone, they got nothing.
"We don't want the West to go and find alternatives, because, clearly, the higher the price of oil goes, the more they have incentives to go and find alternatives," said Saudi Prince Al-Waleed bin Talal
He also said on CNBC that he wants to lower oil prices to $75 a barrel.
The Oil Shale, Ethanol, Oil Sands, Shale Gas, GTL, LNG, CNG & Electric are eating into the Saudi Market Share of the USA Energy Consumption. Energy conservation is also playing a huge part.
You wouldn't last 5 minutes on ToD without being laugh-out-loud rejected as a classic industry shill.
Not true at all. I lasted for nearly 4 years, before recommending that actual expert. They couldn't face the reality of actual science any better than you.