Saudi stance on oil prices not an attack on U.S.

Everybody who knows much about the Saudis know about how much they have invested in U.S. securities, so King Abdullah telling Bush “no” on pumping more oil isn’t an attack on the U.S. or anything similar.

It’s not just the U.S. and Saudi investments there. As the Saudi economy grows, more people there will want “made in China” trinkets. Well, if oil prices push China’s economy into recession, that dries up a bit too.

Whether we truly are at the peak of Saudi oil production, or just at the peak of feasible production, we’re at some sort of plateauing point. I think KSA could produce more, but it would stress fields out.

And, is it no wonder our image continues to suffer in foreign countries? When we’re not trying to run roughshod over 98-pound weaklings, we’re groveling to the Saudis to pump more oil and to the Chinese to adjust their currency rates.
Saudi stance on oil prices not an attack on U.S.