Saudis increase oil production to lower oil prices. Obama believes increasing oil supplies won't make a difference. The Saudis must be Flat Earthers.
Blackjack
2012/03/20 20:43:25
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1 vote
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6 votes
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3 votes
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Top Opinion
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Sport_Geoff 2012/03/20 20:57:37Obama is nuts
+4How about this for a far fetched theory? The Saudis are increasing production because war with Iran is imminent and approaching fast. Iran produces some 20% of the oil on the world market and the best way for Israel to hurt them is to bomb their oilfields taking money out of their economy for the long term. The Saudis are doing nothing more than increasing production to be sure they can cover the 20% Iran supplies and they actually will use it as an excuse to increase the price of oil since supply will be down.
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- Herb 2012/03/21 00:25:28the Saudis are Flat Earthers
+1lol we need drill and put that oil we have flood the market with our resourseslike regan did and replace with drilling.reply - Stan Kapusta 2012/03/20 22:23:09other, I think thisNeither side is telling the truth. Obama wants oil prices high for some unknown reason. The Saudis will increase production for some political reason. Both are killing the economy. That is guaranteed.reply
- Dandydon 2012/03/20 21:31:53Obama is nuts+1Owebama is a Flat Header...reply
- Demonic Rat Hunter 2012/03/20 21:31:25Obama is nuts+2
http://forum.sbrforum.com/att...reply - Savior 2012/03/20 21:11:12other, I think this+2Monetary policy also impacts energy prices, more than energy production itself.reply
- Sport_Geoff 2012/03/20 20:57:37Obama is nuts+4How about this for a far fetched theory? The Saudis are increasing production because war with Iran is imminent and approaching fast. Iran produces some 20% of the oil on the world market and the best way for Israel to hurt them is to bomb their oilfields taking money out of their economy for the long term. The Saudis are doing nothing more than increasing production to be sure they can cover the 20% Iran supplies and they actually will use it as an excuse to increase the price of oil since supply will be down.reply
- DeborahLakeHelen 2012/03/20 20:51:37Obama is nuts+3That's because Obama has no sense of logic. I doubt he could even cross the street without a teleprompter reminding him to look both ways.
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