It’s Saudi Duty Time!

From Freep (FREE PRESS NEWS SERVICES):

RIYADH, Saudi Arabia — Saudi Arabia’s leaders said Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President George W. Bush amid soaring U.S. gasoline prices.

It was Bush’s second personal appeal this year to King Abdullah, head of the monarchy that rules this desert kingdom that is a longtime prime U.S. ally and the world’s largest oil exporter.


Original DVD cover

Saudi officials maintained their position that they’ll only pump more oil when asked to by buyers, something they say isn’t happening now, the president’s national security adviser said.

“Saudi Arabia does not have customers that are making requests for oil that they are not able to satisfy,” Stephen Hadley said on a day when oil prices rose above $127 a barrel, a record high.

The Saudi oil minister, Ali al-Naimi, did say the kingdom had decided May 10 to raise production by 300,000 barrels at the request of customers. He said that increase — to 9.45 million barrels a day by June — is sufficient.

The increase followed a decline in April from the 13 members of OPEC by about 390,000 barrels a day, according to a report this week from OPEC, which pumps more than 40% of the world’s oil.

…snip…

Analysts called the increase a token move.

…snip…

When Bush ran for president in 2000, he criticized the Clinton administration for high fuel prices and said the president must “jawbone” oil-producing nations and persuade them to drop rates. At that time, oil was less than a quarter what it is now.

8 Comments

Filed under Bill Clinton, Chimpy, George W. Bush, humor, movies, parody, politics, Republicans, snark, Stephen Hadley, Wordpress Political Blogs

8 responses to “It’s Saudi Duty Time!

  1. jlms qkw - jenn

    there was a diary rescued yesterday, avenging angel i think, about the failure of w’s jawbone.

    245. 245. 245. tomorrow is 244. 244. 244.

    love the fancy cooking oils!

  2. hi jenn 😀
    i read that diary yesterday.
    the cooking oils were already there. all i did was take out the people standing near them.

  3. nightowl724

    This pair of titles and poster are winners! Was it hard to do the reflections of the King and the Chimp?

    I think these so-called negotiations were for show, anyway. High oil prices help the Bush/Cheney manifesto – and purse…

  4. Got a Grip

    That’s the problem with Chimpy, Jenn. He’s always been an a$$ but he’s never had a real jawbone, just a lot of bluster.

    It also explains his utter lack of ability to speak the English language effectively. It’s so hard to do without a jawbone. Lacking any significant brain function doesn’t help, either….

  5. nightowl,
    the reflections are easy peasy!
    i think that the saudis sent a message to poppy bush and his carlyle group. of course, they are all still making money hand over fist, and carlyle will always be in bed with opec. however, i think this was a direct slap in the face to chimpy to indirectly remind poppy and his pals who has the upper hand.
    excuse me while i adjust my tinfoil hat.

  6. gotta,
    chimpy doesn’t need a jawbone. he talks out of his a$$. the more he speaks, the dumber he sounds.

  7. as chimpy begged for more oil – there were plenty of winks and nods — his buddies LOVE $135 oil

  8. dcAp,
    everyone needs to go over to your place and read your latest economic diaries. when chimpy went over to beg for oil, the saudis showed little georgie who was boss. the only reason chimpy even tried was that the rethugs need something to soothe the unwashed masses when it comes to election time. he failed miserably, and his party is going to pay for putting him in office in the first place. chimpy and his friends will still be rich, but i hope that a lot of them are nervous that they may be investigated and prosecuted once the dems are in power.

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