Posted in Gal Luft, Saudi Arabia, Oil on Jun 18th, 2008 1 Comment »
From Gal Luft
What’s behind the sudden burst of willingness on the part of the Saudis, who announced that they will increase oil output by 500,000 barrels per day in the coming months? After all, for many months they were quite unfazed by the economic havoc caused throughout the world by the rise in oil prices. […]
Posted in Gal Luft, Saudi Arabia, Oil on May 16th, 2008 No Comments »
From Gal Luft
Four months and thirty extra dollars a barrel later, President Bush is again in Saudi Arabia trying to persuade the Saudis to open the spigot and increase OPEC production. Last time the answer was a resounding no. Not even a gift of 900 precision-guided bombs helped convince the Saudis to show more oomph […]
Posted in Gal Luft, Saudi Arabia, Oil on Jan 16th, 2008 No Comments »
From Gal Luft
President Bush’s appeal to the Saudis to increase oil production is more pitiful than understandable. At $100 a barrel, the United States bleeds over a billion dollars per day in order to finance its petroleum import needs. The result: ballooning trade deficits, growing unemployment, a weakened dollar and crumbling financial institutions like Citigroup […]
MESH Pointers Latest Iraq Latest Iran Latest Levant New York Times Washington Post NPR
Posts+Comments
Posts+Comments