Guess All That Bowing Didn’t Help… Saudi Arabia to Keep Oil Prices Above $100 Per Barrel

Guess all that bowing didn’t help.

Despite record high oil prices Obama killed a pipeline that would have brought a steady supply of Canadian oil to the US.
And he killed a project that would have created at least 20,000 high-paying jobs. Maybe Obama and his environmentalist pals want higher oil prices?

Now this…
Saudi Arabia wants to keep oil prices above $100 per barrel.
The Pretoria News reported:

Saudi Arabia, the world’s top oil exporter, said on Monday it favours an oil price of $100 per barrel, identifying an ideal crude price for the first time in more than three years.

In an interview with CNN, the kingdom’s oil minister, Ali al-Naimi, also said Saudi could raise production to full capacity of 12.5 million barrels daily within 90 days.

“Our wish and hope is we can stabilise this oil price and keep it at a level around $100,” Naimi told CNN in an interview.

#1 January 16, 2012 at 5:47 pm
Remco Kimber commented:

BHO’s chant, “We’re No. 157! We’re No. 157!”

“Give me a second term and I’ll see to it that we’re No. 192!”

http://www.un.org/News/Press/docs/2006/org1469.doc.htm
#2 January 16, 2012 at 5:49 pm
Gus commented:

Under my plan of a cap and trade, Energy prices will necessarily skyrocket.

WHO SAID THAT??
#3 January 16, 2012 at 5:50 pm
Gus commented:

Look at the video. Remember how our RETARDED Democrat friends told us that Obama wasn’t bowing. No, he was leaning over to lick the Saudi kings balls.
#4 January 16, 2012 at 5:54 pm
Rose commented:

MY question is, WHY have the American People put up with it???????????

I remember a Time in my life when I believed the American People would have halted something like this BY NOW!

And they all know where it leads when you do not stop such vicious abuse of power at the start.

Sir Winston Churchill: Still, if you will not fight for the right when you can easily win without bloodshed, if you will not fight when your victory will be sure and not so costly, you may come to the moment when you will have to fight with all the odds against you and only a precarious chance for survival. There may be a worse case. You may have to fight when there is no chance of victory, because it is better to perish than to live as slaves.

John Locke: … whenever the Legislators endeavour to take away, and destroy the Property of the People, or to reduce them to Slavery under Arbitrary Power, they put themselves into a state of War with the People, who are thereupon absolved from any farther Obedience, and are left to the common refuge which God hath provided for all men against force and violence. … [Power then] devolves to the People, who have a Right to resume their original Liberty, and, by the Establishment of a new Legislative (such as they shall think fit) provide for their own Safety and Security, which is the end for which they are in Society.

Samuel Adams: The liberties of our country, the freedom of our civil Constitution, are worth defending at all hazards; and it is our duty to defend them against all attacks. We have received them as a fair inheritance from our worthy ancestors: they purchased them for us with toil and danger and expense of treasure and blood, and transmitted them to us with care and diligence. It will bring an everlasting mark of infamy on the present generation, enlightened as it is, if we should suffer them to be wrested from us by violence without a struggle, or to be cheated out of them by the artifices of false and designing men.
#5 January 16, 2012 at 6:05 pm
chilipalmer commented:

Obama is in this at both ends. As of 2011 the US is a net fuel exporter per several articles. We produce more oil here than we use because refiners can get higher prices for it outside the US. Our gas prices are driven higher because they are shipping our oil out. Each penny rise at the pump takes something like $600 million out of consumers’ pockets. Obviously gas prices severely stress lower and middle class Americans. I just found out about this but all our elected officials had to know about it. This should be a crime shouted from the roof tops. The entire green movement is based on the now false theory that greedy Americans are dependent on middle east oil. If we did the Canadian pipeline it would be harder to use that line but even without it perpetrating this scam is a crime against humanity. The GOP are no better than Obama for allowing this to go on.
#6 January 16, 2012 at 6:10 pm
MrGoodWench commented:

When Hussain bowed to the King,
what he was trying to say was :
” Thank you King for Al Mansoor and his money which helped me live a lavish lifestyle while growing up.
Thank you King for 9-11, I’ll get the mosque up in no time.
But please help me one more time by keeping the price of oil high , so I can pay you back “
#7 January 16, 2012 at 6:11 pm
Dobie commented:

obozo bowed to them so they would keep it above $100.00 and threatened to cut off foreign aid
#8 January 16, 2012 at 6:29 pm
mercador commented:

#4 This country was established with the blessings of God, but we have left Him out. This is what happens when a person builds a house and leaves God out of it, the house is not blessed. He wants to bless us, but we give our honor to the world and ourselves. As long as we think we can do , he will stay out. We need to depend on God like a baby depends on his parents. All we can really do without him is what we have now.
#9 January 16, 2012 at 6:40 pm
Carbon Pootprint commented:

Ha thanks to Obama and Benny & the ink jets $100 ain’t what it use to be. Shouldn’t be long until every American can make and take a $10,000 bet or take that same $10,000 and try to find a loaf of bread to buy.

hopeychangey
#10 January 16, 2012 at 6:45 pm
olm commented:

The Saudis have to keep the price of oil up because they need to cash, to pay their people so they won’t rise up like the rest of the ME.
Obama needs the price high to perpetuate the myth of the green machine.
The Saudis are transparent, Obama, Democrats and Republicans not so much.
#11 January 16, 2012 at 6:47 pm
tarpon commented:

Crawling on your knees never works.
#12 January 16, 2012 at 6:49 pm
MarketCrashedUnderGW commented:

If 100 a barrel is bad, under anti EPA, pro drilling GW gas prices were almost $140 a barrel!
#13 January 16, 2012 at 6:49 pm
dunce commented:

Obama said that he was not concerned about the high price of gas, just at the rate of the rise. He wants to co-ordinate prices with the election cycle. Remember he wants to change our carbon consumption, he pushed cap and trade.
#14 January 16, 2012 at 6:51 pm
gosh! commented:

#10 bing…………High gas-prices in election year not so good…………just sayin
#15 January 16, 2012 at 6:51 pm
Patty commented:

One vicious circle. We have so many resources in the Nation. We could be independent, free from the constraints of other nations.

In a snap we could have XL pipeline. Then Drill. It is disgusted and apparently clear that our leaders are on a mission to destroy the Middle class and worst of all, if possible, Obama has his foot on the poor.

If the nation starting drilling the jobs would come back, our economy would flourish once again and this insanity that the left drones on about would be diminished once and for all. If the don’t like it too bad.

We need to recover for our nation’s debt and not be second or third to China. What is this grip that has held us back from becoming great once again. Progressives, who cares, majority of Americans are sick of being a nation of jobless, loss of homes and deny our opinions as to what we see in Washington. I can only pray the next president has the presents of mind to start the drilling process in overdrive.
#17 January 16, 2012 at 6:52 pm
MarketCrashedUnderGW commented:

Big oil = gw’s familly business, cheney’s business, Koch_Brothers who started the tea party look it up, Todd Palin for 20 years at BP. I’m noticing a trend…. Gas prices in 2000 – about $1, late 2008 – $5 (just before the economic crash world wide lowered prices), we still don’t pay as much as late 2008. Record Profits for oil companies (The GOP), and record high prices for us citizens under GW. That’s with anti epa, pro us drilling gw…
#18 January 16, 2012 at 7:03 pm
squeaky commented:

would they be torpedoing obama? $4 or $5 per gallon will have the rubes riled so much so that even diehard obamanauts will feel it.
http://www.qando.net/?p=10642
#19 January 16, 2012 at 7:42 pm
Carbon Pootprint commented:

@#17

“What we are experiencing is a demand shock coming from a new category of
participant in the commodities futures markets: Institutional Investors. Specifically,
these are Corporate and Government Pension Funds, Sovereign Wealth Funds,
University Endowments and other Institutional Investors. Collectively, these investors
now account on average for a larger share of outstanding commodities futures contracts
than any other market participant.3″

http://hsgac.senate.gov/public/_files/052008Masters.pdf
#20 January 16, 2012 at 8:06 pm
Molon Labe commented:

#6

You nailed it. Watch Obama become the spokesman of the Muslim world once he is removed from office. What scum.
#21 January 16, 2012 at 8:09 pm
gee! commented:

obama wants gas prices high to impose his green-energy crap………….but not in election year………..just sayin
#22 January 16, 2012 at 8:53 pm
MarketCrashedUnderGW commented:

I love how the freaking TITLE of this story is complete BS, oil prices were almost $140/barrel under GW late 2008…

Big oil = gw’s familly business, cheney’s business, Koch_Brothers who started the tea party look it up, Todd Palin for 20 years at BP. I’m noticing a trend…. Oil prices in 2000 – about $20/barrel, late 2008 – $140/barrel (just before the economic crash world wide lowered prices), we still don’t pay as much as late 2008. Record Profits for oil companies (The GOP), and record high prices for us citizens under GW. That’s with anti epa, pro us drilling gw…
#23 January 16, 2012 at 9:06 pm
FurryGuy commented:

#22 January 16, 2012 at 8:53 pm
MarketCrashedUnderGW commented:

You keep on uttering the same conspiracy-tinged anti-Bush rantings and have yet to provide any proof of your assertions, substantive or not.

Idiots on the internet can say the most moronic and untrue lunacy and some people will actually believe lies are the truth, further spreading the fallacious tripe. You are a prime, grade A example of that phenomenon.
#24 January 16, 2012 at 9:09 pm
FurryGuy commented:

#19 January 16, 2012 at 7:42 pm
Carbon Pootprint commented:

You are arguing facts with a true-believing conspiracy cultist. Nothing you say will penetrate that imperiousness, even by passive osmosis. All you will do is make this person consider you a fellow conspirator in the NWO zaniness.
#26 January 17, 2012 at 9:47 am
paul52 commented:

#22 thinks Todd Palin influences energy markets???? C’mon!…. The GOP needs to show that Obama a$$-kissing video every chance that they can.
#27 January 17, 2012 at 10:11 am
Carbon Pootprint commented:

@FurryGuy

So this probably won’t matter to them either? eehehhehee Who backed Obama in 2008
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Candidates%20Full.jpg