- Jul 25, 2002
- 10,053
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But the U.S. is excluded from participation . .
(Hate to have to use Pravda as the source, but it was a feature article on NPR yesterday)
And since I can't find the 'Wall Street Journal - Eurpoe Edition, I'll go with it for now.
(Hey - little help out there ! Anyone find another source for this help post it)
The gist of the story on NPR is that the Saudi Government diplomatically deneyed the U.S. companies
participation in this because the U.S. bids were not High Enough, only second best, so they went CASH !
They also say that the integration of their co-operation in exploration with Russia will offset the way that
Russia has been offering their oil to the would at lower than OPEC agreed price guidelines.
They claim that they are preparing to make China and the Asian mainland as their number one
recipient of their product, and wish to reduce their sale of product to the Western World, and
limit their trade with the United States, and are simply re-aligning thier revenue sources.
They also wish to convert the price of Oil from being traded in U.S. Dollars to Euro-Dollars,
since the run-up of the Euro's value against the U.S. Dollar has gained 25 % in recent months.
By doing that, they would realize a price increase to themselves, which would drive up the cost
of our products in the U.S. (OPEC Price Guidelines) by 25 % almost immediately.
They are staking their future economic trade with the emmergance of China to be the dominant
consumer of their oil, and are betting in no time (To China, 1,000 years is almost 'No Time") at
all they will replace the U.S. as the World's Trade Export Leader, and that's where the money will be.
Yep, real friendly bunch of people that really are helpful to our cause over there in the House of Saud.
(Hate to have to use Pravda as the source, but it was a feature article on NPR yesterday)
And since I can't find the 'Wall Street Journal - Eurpoe Edition, I'll go with it for now.
(Hey - little help out there ! Anyone find another source for this help post it)
The gist of the story on NPR is that the Saudi Government diplomatically deneyed the U.S. companies
participation in this because the U.S. bids were not High Enough, only second best, so they went CASH !
They also say that the integration of their co-operation in exploration with Russia will offset the way that
Russia has been offering their oil to the would at lower than OPEC agreed price guidelines.
They claim that they are preparing to make China and the Asian mainland as their number one
recipient of their product, and wish to reduce their sale of product to the Western World, and
limit their trade with the United States, and are simply re-aligning thier revenue sources.
They also wish to convert the price of Oil from being traded in U.S. Dollars to Euro-Dollars,
since the run-up of the Euro's value against the U.S. Dollar has gained 25 % in recent months.
By doing that, they would realize a price increase to themselves, which would drive up the cost
of our products in the U.S. (OPEC Price Guidelines) by 25 % almost immediately.
They are staking their future economic trade with the emmergance of China to be the dominant
consumer of their oil, and are betting in no time (To China, 1,000 years is almost 'No Time") at
all they will replace the U.S. as the World's Trade Export Leader, and that's where the money will be.
Yep, real friendly bunch of people that really are helpful to our cause over there in the House of Saud.
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