andrewducker: (Santa)
[personal profile] andrewducker
Why did nobody tell me that Saudi Arabia had left OPEC?

Next up - more of the oil producing countries converting to using the Euro.

Date: 2008-09-13 07:52 pm (UTC)
From: [identity profile] nmg.livejournal.com
I believe what the Saudis said was that they'd produce oil for every customer that wanted it. :D

As opposed to the more usual OPEC tactic of restricting production to inflate prices...

Date: 2008-09-13 08:10 pm (UTC)
From: [identity profile] interactiveleaf.livejournal.com
Yep, this seems to be a sea change.

You gotta wonder if the US's policy of befriending the Saudi royal family is finally paying off.

Date: 2008-09-13 08:25 pm (UTC)
From: [identity profile] endless-psych.livejournal.com
It could be more likely to be an attempt to persuade America to either leave the middle east or retain a prescence. Whichever is more of a political advantage to the Saudis. (I suspect remain.)

Date: 2008-09-13 08:40 pm (UTC)
From: [identity profile] interactiveleaf.livejournal.com
Well, given the options you've laid out, I guess you have a 50/50 chance of being right. :D

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