Saudis want aid if world cuts oil dependence

**Jason** · 10-13-2009, 08:04 AM

BANGKOK - There are plenty of needy countries at the U.N. climate talks in Bangkok that make the case they need financial assistance to adapt to the impacts of global warming. Then there are the Saudis.

Saudi Arabia has led a quiet campaign during these and other negotiations — demanding behind closed doors that oil-producing nations get special financial assistance if a new climate pact calls for substantial reductions in the use of fossil fuels.

That campaign comes despite an International Energy Agency report released this week showing that OPEC revenues would still increase $23 trillion between 2008 and 2030 — a fourfold increase compared to the period from 1985 to 2007 — if countries agree to significantly slash emissions and thereby cut their use of oil. That is the limit most countries agree is needed to avoid the worst impacts of climate change.

http://www.msnbc.msn.com/id/33225373...s-environment/

**djaburg** · 10-13-2009, 09:12 AM

I think the answer should be NO! I didn't see the oil producers reducing their prices as the rest of the world paid through the nose for petroleum based products.

**simpswr** · 10-13-2009, 09:24 AM

The producers no longer set the price of oil . . they can influence it somewhat by raising or lowering production, but Oil is now a commodity . . subject to the same influences as Pork Bellies and Corn.

Supply, Demand, USD rates and speculation are the primary drivers of oil price now and for the forseeable future

~~MichaelTech~~ · 10-14-2009, 08:38 AM

And how many "speculators" are in Wall Street working for the saudis?
Market manipulations are what is tearing us down, and needs to be reigned in.
I thought that the "stimulus" was supposed to do that. Oh, none of that has been officially applied yet, huh?

**simpswr** · 10-14-2009, 08:59 AM

and just how would a stimulus plan address speculation in the markets??

yustr · 10-14-2009, 09:07 AM

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Mine, mine, mine, mine
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Mine, mine, mine, mine
Mine, mine, mine, mine
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bry623 · 10-14-2009, 09:45 AM

Hey, they are used to their style of life and need to maintain it.

10-13-2009, 08:04 AM	#1 (permalink)
Jason Faugh a ballagh Join Date: Dec 2001 Location: Pasco, FL Posts: 8,476 OS: Windows Vista My System Blog Entries: 2	Saudis want aid if world cuts oil dependence BANGKOK - There are plenty of needy countries at the U.N. climate talks in Bangkok that make the case they need financial assistance to adapt to the impacts of global warming. Then there are the Saudis. Saudi Arabia has led a quiet campaign during these and other negotiations — demanding behind closed doors that oil-producing nations get special financial assistance if a new climate pact calls for substantial reductions in the use of fossil fuels. That campaign comes despite an International Energy Agency report released this week showing that OPEC revenues would still increase $23 trillion between 2008 and 2030 — a fourfold increase compared to the period from 1985 to 2007 — if countries agree to significantly slash emissions and thereby cut their use of oil. That is the limit most countries agree is needed to avoid the worst impacts of climate change. http://www.msnbc.msn.com/id/33225373...s-environment/ __________________ Posting Tips \| Advice for New People \| Common Fixes \| Agus na damnaithe fágtha gan focal Glaoigh ormsa i measc na naomh

10-13-2009, 09:12 AM	#2 (permalink)
djaburg TSF Enthusiast Join Date: May 2008 Posts: 1,321 OS: XP SP3/Vista/7 Server 2K/2K3/2K8	Re: Saudis want aid if world cuts oil dependence I think the answer should be NO! I didn't see the oil producers reducing their prices as the rest of the world paid through the nose for petroleum based products. __________________ Computers make it easier to do a lot of things, but most of the things they make it easier to do don't need to be done. The inherent vice of capitalism is the uneven division of blessings, while the inherent virtue of socialism is the equal division of misery.

10-13-2009, 09:24 AM	#3 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 12,253 OS: XP, Vista, Win 7	Re: Saudis want aid if world cuts oil dependence The producers no longer set the price of oil . . they can influence it somewhat by raising or lowering production, but Oil is now a commodity . . subject to the same influences as Pork Bellies and Corn. Supply, Demand, USD rates and speculation are the primary drivers of oil price now and for the forseeable future __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

10-14-2009, 08:38 AM	#4 (permalink)
~~MichaelTech~~ Troubled Join Date: Jul 2009 Location: Simi, Ca. Posts: 170 OS: XP Pro/Corporate	Re: Saudis want aid if world cuts oil dependence And how many "speculators" are in Wall Street working for the saudis? Market manipulations are what is tearing us down, and needs to be reigned in. I thought that the "stimulus" was supposed to do that. Oh, none of that has been officially applied yet, huh?

10-14-2009, 08:59 AM	#5 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 12,253 OS: XP, Vista, Win 7	Re: Saudis want aid if world cuts oil dependence and just how would a stimulus plan address speculation in the markets?? __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

10-14-2009, 09:07 AM	#6 (permalink)
yustr Asst. Manager, The Conversation Pit Join Date: Sep 2004 Location: Connecticut shore Posts: 6,050 OS: XP Pro My System	Re: Saudis want aid if world cuts oil dependence From one of the best movies ever: Finding Nemo....remember the scene where the seagulls are getting ready to pounce on little Nemo... Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine Mine, mine, mine, mine __________________ If there are lawyers or politicians involved, logic may be a very poor tool for reaching a conclusion.

10-14-2009, 09:45 AM	#7 (permalink)
bry623 Manager, The Conversation Pit/Analyst, Security Team Join Date: Apr 2002 Location: NW Territory circa 1787 Posts: 11,692 OS: winxp pro sp2	Re: Saudis want aid if world cuts oil dependence Hey, they are used to their style of life and need to maintain it. __________________ "If you aren't a liberal when you're 20, you have no heart. If you aren't a conservative when you are 50, you have no brain"