Comments on: "President Bush Questions Saudi Ability to Raise Oil Supply" http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability.html Sun, 22 Nov 2009 13:16:39 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Lune http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability.html#comment-3181 Lune Mon, 21 Jan 2008 19:02:00 +0000 http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability-to-raise-oil-supply/#comment-3181 Call me cynical, but the sense I got was that Bush was trying to let Saudi Arabia and himself off the hook for current oil prices. Remember, the interviewer asked him what he would say to S.A. to lower oil prices. And his answer was a way to evade the question and avoid putting pressure on the Saudis, by saying they can't do anything about it.<br/><br/>The public is starting to demand that heads roll for current oil prices. In the process, they're starting to ask how much the Iraq war and Bush's killing of conservation and alternative energy efforts might be responsible. Bush is finding peak oil a convenient scapegoat for his own administration's failures in dealing with this election-year problem.<br/><br/>This isn't to say that peak oil isn't true. I believe in it. But I do so based on analysis by oil experts and others. The ill-informed and frequently incoherent ramblings of our current President on pretty much any subject don't carry much weight in my thinking. Otherwise, I'd have to reject evolution too :-) Call me cynical, but the sense I got was that Bush was trying to let Saudi Arabia and himself off the hook for current oil prices. Remember, the interviewer asked him what he would say to S.A. to lower oil prices. And his answer was a way to evade the question and avoid putting pressure on the Saudis, by saying they can’t do anything about it.

The public is starting to demand that heads roll for current oil prices. In the process, they’re starting to ask how much the Iraq war and Bush’s killing of conservation and alternative energy efforts might be responsible. Bush is finding peak oil a convenient scapegoat for his own administration’s failures in dealing with this election-year problem.

This isn’t to say that peak oil isn’t true. I believe in it. But I do so based on analysis by oil experts and others. The ill-informed and frequently incoherent ramblings of our current President on pretty much any subject don’t carry much weight in my thinking. Otherwise, I’d have to reject evolution too :-)

]]> By: Anonymous http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability.html#comment-3171 Anonymous Mon, 21 Jan 2008 01:39:00 +0000 http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability-to-raise-oil-supply/#comment-3171 Regarding the Bush quote (which made my jaw drop at the time I heard it), in my opinion Peak Oil has been known to this administration since 2001 and has been directing much of US policy since then. The oil supply is of tremendous importance to national security, and could certainly explain why this administration has chosen the risky courses it has. I consider the Peak Oil comment by Bush to be another of his "slips" where what is at the top of the real meeting agendas is accidentally mentioned in public, no different from a trader "talking his book".<br/><br/>dboy Regarding the Bush quote (which made my jaw drop at the time I heard it), in my opinion Peak Oil has been known to this administration since 2001 and has been directing much of US policy since then. The oil supply is of tremendous importance to national security, and could certainly explain why this administration has chosen the risky courses it has. I consider the Peak Oil comment by Bush to be another of his “slips” where what is at the top of the real meeting agendas is accidentally mentioned in public, no different from a trader “talking his book”.

dboy

]]> By: Anonymous http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability.html#comment-3163 Anonymous Sun, 20 Jan 2008 19:15:00 +0000 http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability-to-raise-oil-supply/#comment-3163 So if I understand correctly...The Saudis who benefit from higher prices are posturing that there's more supply thus allowing prices to go down while President Bush is posturing that there is not more supplies so that prices should remain high. Does Bush have a conflict of interest here or is he just an idiot? So if I understand correctly…The Saudis who benefit from higher prices are posturing that there’s more supply thus allowing prices to go down while President Bush is posturing that there is not more supplies so that prices should remain high. Does Bush have a conflict of interest here or is he just an idiot?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability.html#comment-3157 Anonymous Sun, 20 Jan 2008 16:04:00 +0000 http://www.nakedcapitalism.com/2008/01/president-bush-questions-saudi-ability-to-raise-oil-supply/#comment-3157 I recognize that the powerful intellectual occupying the Oval Office is an expert on oil - after all he is from Texas - but maybe this piece, put together by folks who seem equally familiar with the subject, might make instructive reading?<br/><br/>http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article3207311.ece I recognize that the powerful intellectual occupying the Oval Office is an expert on oil – after all he is from Texas – but maybe this piece, put together by folks who seem equally familiar with the subject, might make instructive reading?

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article3207311.ece

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