Community | October 14, 2009 | 88 comments

Saudis want to charge US for reducing oil usage

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bansheewail
If you thought the executives at Goldman Sachs were the kings of backroom finance, think again.

Goldman Sachs, meet Saudi King Abdullah.

A new gambit by the oil-dealing kingdom would have Western oil guzzlers paying for using less oil. Sounds like the opposite of reality, you say? The Saudis say it's the only way they'll be able to afford helping the fight against global warming.

The New York Times frames the Saudi idea as, "if wealthy countries reduce their oil consumption to combat global warming, they should pay compensation to oil producers."

Saudi climate negotiator, Mohammad al-Sabban, described the position as a “make or break” measure for the oil-heavy kingdom in the lead-up to global climate negotiations in Copenhagen. In an email exchange with the times, al-Sabban said wealthy Western countries like the United States should help the Saudis with "economic diversification" by paying for oil they don't even use.
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88 comments // Saudis want to charge US for reducing oil usage

  • Wetdog
    • 0
      Wetdog  
    • If you drive a diesel/natural gas bi-fuel engined vehicle, you can switch between liquid fuel and natural gas at the flip of a switch on the dashboard.

      Diesel engines are high compression/high efficiency engines that get similar mileage to gasoline hybrids----but they need no expensive batteries, electronics or electrical drive train components to do it. Bi-fuel(two fueled) vehicles cost about the same to build as the vehicles we use now.

      Diesel engines can run on biofuels(made from plants) with no modification at all. Liquid biodiesel fuel can be made from any type of plant material at all, including waste wood and agricultural waste. Biofuels contain no sulphur at all, and no other toxic substances. The new ultra low sulphur diesel fuel required by the EPA is a biofuel. The new Clean Diesel engines produce almost no emissions at all.

      Natural gas, with an octane of 120, is a perfect match for liquid fuels in diesel engines and has been used to run industrial diesels for years and years. Engines run on natural have always been used for applications where air quality is critical, for instance inside warehouses, tunnels or mines. Since natural gas is a gas---polloutants can be removed before it is used.

      Bi-fuel diesel engines have no problem with cold weather---simply start and run the engine till it is warm on NG----then switch to liquid fuel if necessary. This has been done for years.

      Natural gas is methane----the same methane we can make from treating sewage or capture from landfills. Methane is a much more powerful greenhouse gas than CO2. If we capture methane from sewage or landfills, and mix it with fossil natural gas, just a 6% mixture will produce greenhouse gas effects nuetral emissions. Any mixture over 6% will produce negative greenhouse gas emissions. We can reverse global warming.

      Natural gas is cheaper to use than either petroleum or electricity. Per BTU about 1/3 the cost of petroleum. About 50% cheaper than electricity. No one heats their home with petroleum or electricity if natural gas is available.

      If we have diesel/natural gas bi-fuel engine vehicles, we could drive with biofuesls and natural gas as much as we want and never use a single drop of petroleum oil.

    • 2 years ago
  • donnyin3d
  • morirjedi
    • 0
      morirjedi  
    • Nice try but I think we will keep our money. We felt the price raise once and used less. Charge us more we will find other ways to get what we need.

    • 2 years ago
  • hpseaton
    • 0
      hpseaton  
    • I'm not afraid of ALL NATURAL oil...I am afraid of alien lifeforms however...starts to sound like 'Aliens'. Damn aliens definitely weren't natural, unlike oil.

    • 2 years ago
  • J_Jammer
  • hpseaton
  • J_Jammer
  • J_Jammer
    • 0
      J_Jammer [removed]  
    • Uhno. They should find another way to make money. Dur.

      America doesn't need them anyway. They're in use because people are afraid of the ALL NATURAL oil in America. Oil is natural. It comes from the Earth. Acting like it's some alien lifeform is funny.

    • 2 years ago
  • Cicada_Song
    • 0
      Cicada_Song  
    • dont get me wrong I think the Saudis taking money from us, due to a lack of a deal is wrong. And I totally disagreed with everything Bush stood for. But the image used for this Article is complete photoshop bullshit. Come on Current, be a respectible news source (or at least act like one)

    • 2 years ago
  • bombastinator
  • hpseaton
  • larrysnotes
  • bombastinator
    • 0
      bombastinator  
    • This sounds ridiculous, but the Saudi government actually isn't made up of complete morons with total lack of understanding of the United States, so if they made this statement, there is a reason they think we might take it.

      There has to be something missing here.

    • 2 years ago
  • Xavier_LeBron
    • 0
      Xavier_LeBron  
    • I love Saudi Arabia. I love the US. Injustice and irrationality are a constant in any world. Some of the comments we are seeing on this topic seem a bit ignorant and hasty...

    • 2 years ago
  • hunzedog
  • royulery
    • 0
      royulery  
    • what if this is revelation and the passion of christ is being played out in reverse. here is bush giving the anti-christ judas kiss, by which our world is sold.

      ironic that judas was the smart one.

    • 2 years ago
  • JustifyLife
  • jackryan
  • royulery
  • UndoInfluence
    • 0
      UndoInfluence  
    • I hope world leaders can find a gentler term for "shove it". Part of the reason behind reducing dependancy on oil is to remove the massive amount of money pumped into radical and unstable regions.

    • 2 years ago
  • rlong3
    • 0
      rlong3  
    • This is like compensating cigarette companies because people discovered smoking is harmful to their health and decided to quit. You want to trade with a capitalist nation SA, then learn some basic economics. We demand less oil, you suffer losses.

    • 2 years ago
  • brit50
  • Manuel_Trujillo
    • 0
      Manuel_Trujillo  
    • Ally or not, all but one of the 9-11 terrorists are from this country.

      I personally think if the Bush family didn't have personal friends in the royal family of this country, it would be a democracy right now...

      we would have liberated that country! :)

    • 2 years ago
  • Vierotchka
  • larrysnotes
  • JonRaymond
  • blknight
  • furryjenn
  • Vierotchka
  • jeffissleeping
  • hpseaton
    • 0
      hpseaton  
    • Ahhh Saudi Arabia, home to repressive government, repressive religion and of course, black gold. It's understandable why they're so high on our 'friends' list.

    • 2 years ago
  • nanac
  • kevcheetham
  • hpseaton
  • bombastinator
  • Vierotchka
  • hpseaton
  • bigred5
  • eden49
  • FlexSF
  • PressCore
    • 0
      PressCore  
    • Damn right the 9/11 hijackers were Saudis. The first thing Dubya did was to see that all the Bin Laden's, his employers, got on their air flights after 9/11. And then he grounded all the other planes to make it look like he cared. Bush exploited 9/11 to have the Patriot Act passed, and to invade Iraq & Afghanistan so that he and Cheney could build their oil pipeline across those countries & Iran to 1. become Billionaires, and 2, double the price of Saudi Oil. Did you hear the recent shit the Saudi oilers claimed at the beginning of Summer 2009 ? They think oil should be priced around $75 to $100 a barrel. I think it should be $ 1.
      If we produced all electric cars as GM did for California in 1997, by now they'd be so commonplace
      that oil actually would be $ 1 a barrel. Damn right they're an organized crime mob. And right you are too if you say they believe in terrorism. They have public executions there. The last one they had, they dismembered a person, then hung him on a cross to remind people of their "kinder, gentler" nature as Dubya's old man claimed he wanted for the USA. As Neil Young quipped: "a kinder, gentler, machine gun hand" is what we got instead. If we sent them bottled water and told them to recycle it as a humanitarian gesture for their people, that might be what their people deserve, but not their ruling family. We should have been doing that for the people in Africa for a long, long time already. I doubt calling the USA one of the wealthy countries instead of calling us one of their marks will give those bungholes any credibility. Americans may be gas junkies, but the Saudi oilers are spoiled, pampered infants with delusions of grandeur if they figure they can get away with their new scam. Wealthy my ass. If the USA were wealthy 1.it would not be in hock up to its eyeballs in debt to the point we're bankrupt. 2. we would have a product driven economy, 3. a dollar exchangeable for Silver & Copper coins, 4. a Government unused to being greased to underwrite Corporate Wealthfare, 5. No bank Piracy bailouts for Goldman Sachs on Paulson's threat of Martial Law. 6. And no one would have to fight tooth and nail to guarantee adequate universal health care coverage for all American citizens. I could go on and on and on, but the point's been made. The idiomatic expression they used back in the 1940s fits this description better. What do you call something that's sorely lacking in the essentials for all its people ? Strictly from hunger. "Wealthy" Hahaha. I'm not sure whether to laugh or hurl in full technicolor and barf-a-rama. "Wealthy" now THAT'S rich. Enough with nationalistic doublespeak propaganda already.

    • 2 years ago
  • scarlettcutie_01
  • Vierotchka
    • 0
      Vierotchka  
    • PressCore:

      Yet at least eight of them are alive and well today - so, either there were no hijackers on those planes, or God was on their side and suspended the laws of physics and miraculously saved them.

    • 2 years ago
  • carl0s808
    • 0
      carl0s808  
    • There we go...fighting in Afghanistan, Irak...when the real enemy is Saudi Arabia, those fuckers were the ones who attacked us and keep on raging war againts us, but there's nothing we can do because we are their bitches. FUCK YEAH WE ARE HOSTAGES. Imagine if during world war 2, right after the Japanese Empire bombed Pearl Harbor, and Nazi Germany declared war on us, we inmediately started selling weapons to Hitler, and asked Hiroito for help so we can go and invade Romania. This is what is happening right now. Fucking ridiculous.

    • 2 years ago
  • Vierotchka
    • 0
      Vierotchka  
    • carl0s808:

      Please explain how come at least eight of the alleged 9/11 hijackers happen to be alive and well today. You swallowed the official but mendacious explanation hook, line, and sinker (as did most people at the time).

    • 2 years ago
  • samthesixth
    • 0
      samthesixth  
    • We could drill more of our own in the short term and use it to finance the transition from where we are now to clean renewable energy.

    • 2 years ago
  • rodstradamus
  • carmalite
    • 0
      carmalite  
    • Karma. We have been involved with the wrong people to enhrich the wrong people for a long time instead of attempting to find alternatives. We have fed the pigs who are going to have us for lunch.

      No forsight. Reagan took the solar collectors off the WH roof as his first move. That was his gift to moving backwards and corporatism. And this is the saint? If we had continued with conservation and R and D ihnto alternatives, we might not be slaves to the Saudis and the others who now are buying America.

    • 2 years ago
  • PressCore
    • 0
      PressCore  
    • carmalite:

      When Michael Moore made his documentary, Fahrenheit 9/11, he reported that they owned 7% of the USA. Since Dubya' Bush was an unregistered foreign agent for the Bin Ladens, a Saudi Arabian Multi Billionaire oil magnate family, you can pretty much figure that the nightmarish vision he had for the USA was their idea of what the USA should look like.

    • 2 years ago
  • diabolical44
  • royulery
    • 0
      royulery  
    • i have never seen a u.s. president or other ranking u.s.diplomat kiss an arab on the mouth before. why was george told to do this? it seems significant as it is so outside our cultural norm.
      it's like king abdullah is papa penguin regurgicating oily orders into baby penguin george.

    • 2 years ago
  • outtheinside
  • diabolical44
    • 0
      diabolical44  
    • royulery:

      if you think this pic is fake then you obviously have a short memory. I remember this happening. I remember thinking how bizarre it was. I remember them walking around DC hand in hand (literally).

      the reason George did it is because his family owes it's entire political career and source of power to the Saudi royal family. The Bush family was built by the Saudi's. They're both corrupt oil families. same shit. different pile

    • 2 years ago
  • manfreddrake
  • manfreddrake
  • Vierotchka
  • tangibleparadox
  • Hoax_Productions
    • 0
      Hoax_Productions  
    • WOW that is intense. It's obvious that Saudi Arabia just wants to see their profits stay exorbitant. However, this move completely contradicts the supply/demand curve common sense. Supply AND demand are steadily decreasing.

      I'm really intrigued to see how Saudi Arabia will handle this and whether or not they will wise up and start selling solar energy.

    • 2 years ago
  • royulery
    • 0
      royulery  
    • they think us stupid and as a whole we are. we gave away rights gladly for more security. how those control freaks must be laughing at us now, now that we must pay to save.

    • 2 years ago
  • Logos51891
  • spacemikey
    • 0
      spacemikey [removed]  
    • Yeah yeah yeah, we still owe them "compensation" for those wonderful hijackers, and even the Saudi born Bin Laden.... But no were going after a bunch of goat herders and dope growers, because they "terrify" us. What a crock of shit, the Afghanis didn't plot a thing but protecting their land once it was invaded.

      Wouldn't common sense make you go after a weakness in your enemy, or go for a kill shot? Well a bunch of goat herding dope growers have gained the reputation for ruining any military that faces them, on top of that how would they attack? Do they have an airport? WTF?

      Seems like if we would've had our shit together within the U.S. under the policies in effect at the time; 911 would have never happened. The plot should have been discovered...

      (Sorry still aggravated with Saudi Arabia for contributing to factors that made this weak government a little more fascist. That and were fighting wars with the wrong people for the wrong reasons)

      Yeah he do owe the Saudis, a swift kick in the ass for breeding terrorist masterminds, and charging to much for oil....

    • 2 years ago
  • PressCore
    • 0
      PressCore  
    • spacemikey:

      If you want to see a good movie, watch the movie entitled: "The Beast" sometime. It's about the Russian invasion of Afghanistan. Specificaly, the storyline deals with a rogue tank, the war crimes it committed, and the hadin's tracking it down because of the intrigue that followed from the rascism and betrayal from within. Whether it's Communism or Capitalism it's still equaly evil. Though more of a docu drama than an actual documentary, it will open your eyes even wider about the current corporate war for profit profiting Monsanto,Dupont,the DEA and all the other Corporate war profiteers at the public's expense.

    • 2 years ago
  • Vierotchka
  • DougChristian
    • 0
      DougChristian  
    • Please.

      Saudi Arabia is the worst nation on the planet in terms of human rights and corruption. The 9-11 hijackers were from Saudi Arabia. If we had any sense we'd be allied with Iran and enemies of Saudi Arabia. We better not give them shit. They can raise their cartel prices all they want. I hope they do. That might help us break this addiction.

      I can't wait for the day that all our energy comes from American wind and sunshine and we can tell the House of Saud to suck it.

    • 2 years ago
  • Vb86Vic
  • Vierotchka
  • islek
  • SarcasticComments
  • masterzip
    • 0
      masterzip  
    • This is exactly what the water company did in the SF bay area. They asked everyone to conserve water because we were in a water "crisis." Then they stated later that people were conserving too much and it has effected their bottom line so they will have to raise the rates...
      "Bottom line insurance"
      "No fault insurance"
      "golden parachute insurance"

      the way of big business.

    • 2 years ago
  • diabolical44
  • FoosMaster
    • 0
      FoosMaster  
    • masterzip:

      They did the same thing in Charlotte, NC in 2007. They raised rates after people conserved because "they were loosing money and needed to recoup their losses" Translation: they didn't make the huge profits they are accustomed to which to them is a loss of income.

    • 2 years ago
  • Conniepae
  • fryods
    • 0
      fryods  
    • "wealthy Western countries like the United States "

      Don't they actually have more money than us? Do they even have debt with all the money they are rolling around in?

    • 2 years ago
  • Numbz
  • PressCore
    • 0
      PressCore  
    • fryods:

      Right you are about the Chinese owning us 3 times over. If they tell us to jump we only need to ask how high. In 2007 the Denver mint coined $850 Billion worth of solid copper Ameros to ship to Chinese Banks. We don't even have any solid copper coins to spend or save here. I blogged a U Tube article from Current.com where a Journalist held up one of those coins to prove they were real. Who else could do that ? Walmart couldn't exist without the Chinese' product driven economy. When Nixon opened up their markets to the USA he knew what was coming. After Reagan's inflation tax, most of the bottom half of Americans couldn't survive unless they shopped at Walmart. The Chinese not only own us 3 times over, They've owned us, boned us, and cloned us.Jesus may have coined the Golden Rule, but the Chinese know the old adage "he who owns all the Gold makes all the rules" still makes people sleep soundly nights.

    • 2 years ago
  • Ricky84
  • Vierotchka
  • bansheewail
    • 0
      bansheewail  
    • Anybody feel like a hostage?? Or is it just me? This isn't "international economic policy". This isn't a "climate change measure". It's a "jack move"! This is a "stick-up"!!!!

    • 2 years ago
  • remanns
  • Conniepae
  • larock
  • CreditFigaro
  • neocongo
  • eden49
  • PhilistineTheArtLuvr
    • 0
      PhilistineTheArtLuvr  
    • Saudi Arabia is the only country in the world named after a family.
      In other words, Saudi Arabia is run by a freaking mafia and that's why they're asking for this "protection money" so to speak, from the US.
      Why is the US an ally of these Arab hillbillies?
      Saudi Arabia is exactly the opposite of everything the US and the Western world stand for.
      I say, stop buying oil from those rascals and let them rot in their own excrement.

    • 2 years ago
  • maizein
  • Geog
  • UndoInfluence
    • 0
      UndoInfluence  
    • PhilistineTheArtLuvr:

      "so yeah phil.... reconsider... at least the saudis have good and cheap healthcare and allow their people to have money."

      -should be amended to "allow half of their people to have money." If you aren't sure as to what I'm referring to have your sister/daughter/mother visit that country.

    • 2 years ago
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