Why wouldn't the Kingdom want to squeeze the maximum out of customers? The Saudis have long memories and recall how high prices can cut into consumption; it happened in the 1980s and it's happening again now. Any threat to oil's leading role as a source of energy is a big worry for a country that sits on reserves of some 260 billion barrels. "We are concerned about the permanent destruction of demand," says a senior Saudi official. "Those who buy hybrid vehicles are not going back to SUVs."This from Business Week, in an article titled "Saudi Oil, OPEC's Ire," or, maybe, "Once You Go Black, They Never Want You to Go Back."
The Saudi opinion as to American oil consumption, of course, contains No Surprises. Keep them Yankees hooked on their quiet lives and handshakes of carbon monoxide. Fine. How to turn this to politicadvantage? Easy... we stick BHO in Detroit. Speech to an auto workers' union.
"I was reading Business Week on the drive over. You know, they had an article about the Saudis and how their economy is affected by oil prices. And a Saudi minister said... and I'm quoting here... He said "Those who buy hybrid vehicles are not going back to SUVs." [crowd alternately boos and cheers] Now I don't know about you, but it sounds to me like even the Saudis know the way forward for America in the 21st Century. That's why I supported extending aid to the American auto industry so that we can build the cars of tomorrow and jumpstart our economy. That's why I'm calling for investing American tax dollars to make sure blah blah blah..."Seems so easy. Just wanted to point that out. I'd love to see BHO set out in plain terms exactly how futile the Drill Here, Drill Now, Pay Less movement is. Say yeah we're going to drill, but it's not our top priority. Twist the blade in Palin, who said we could drill our way out of the problem. Really set out what a 21st Century American energy economy would look like... I think it's coming, and I think it's the knockout blow.
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