Saudi Arabia, Which Allegedly Hiked Output, Just Raised Crude Export Prices To Asia And Europe

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Sat, 03/05/2011 - 22:13 | 1022766 trav7777
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ain't hap'nin...bitchez

Sat, 03/05/2011 - 23:54 | 1022896 asdasmos
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Greenspan on Gold's Rise - CNBC 4/3/11

Sun, 03/06/2011 - 11:28 | 1023421 Mr Lennon Hendrix
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Who cares what that mean old bastard says anymore, he is just a lying and smirking son of a female dog.

Sun, 03/06/2011 - 03:51 | 1023167 Yen Cross
Yen Cross's picture

I need that bullet hole my friend! the bloody red one!

Sun, 03/06/2011 - 07:16 | 1023245 Broken_Trades
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Cooking the oil out of dirt aint cheap.


Price in BC right now  $1.23/L ~~ $4.64 (CAD/Gallon) = 4.79 USD/Gallon

Even in Alberta, Gas is selling for well north of 4$/G




Sun, 03/06/2011 - 12:25 | 1023323 slewie the pi-rat
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broken_trades:  define "gallon".


if you can take a punch, here's some better news, friend (from Utah House stamps gold, silver as legal tender | The Salt Lake Tribune


Sat, 03/05/2011 - 22:30 | 1022793 sushi
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Of course rising crude prices will feed forward into agricultural commoditites and since sand is exactly like gold and you cannot eat it, therefore Saudi food imports will suffer price increases resulting in social discontent and unrest, which will be followed by throwing money at the people and jacking the price of crude to pay for it and . . .and . . .

I am sure there is a positive outcome in here somewhere.

Sat, 03/05/2011 - 22:41 | 1022808 spinone
spinone's picture

Makes sense they wouldn't want to hike oil prices to net food exporters like the US and Canada.

Sat, 03/05/2011 - 22:43 | 1022809 dark pools of soros
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more live camel cavalry charges??

Sun, 03/06/2011 - 11:30 | 1023422 Mr Lennon Hendrix
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The Mossad copies.

Sun, 03/06/2011 - 12:20 | 1023501 BobPaulson
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Qu'ils mangent de la brioche...

Sat, 03/05/2011 - 22:45 | 1022813 dick cheneys ghost
dick cheneys ghost's picture

oil price aint seen nothing yet.

Sat, 03/05/2011 - 23:18 | 1022845 DaveyJones
DaveyJones's picture

they lie about stuff going out, we lie about folks going in

Sat, 03/05/2011 - 23:20 | 1022846 SgtShaftoe
Sat, 03/05/2011 - 23:19 | 1022848 Caviar Emptor
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Abdullah Shrugged. World perspires. 
Sat, 03/05/2011 - 23:23 | 1022850 max2205
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Life is going to get interesting with $350 oil

Sun, 03/06/2011 - 01:22 | 1023069 Hdawg
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Will not get there.

We'll have an Egyptian style bank holiday and when it re-opens in wont be priced in USD and then within a year nothing will be.

Sat, 03/05/2011 - 23:30 | 1022864 Canucklehead
Sun, 03/06/2011 - 02:01 | 1023101 RoRoTrader
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nothing like selling hate and fear propped with ignorance, so got any referrences to where the IRA fits into all of that weird shit.

did i forget to mention stupidity that Muslims, Christians and other religions share in common along with 2 eyes, 2 hands and feet, a family, m/f, b/s .......and the same basic needs to have a decent life..

Sun, 03/06/2011 - 08:43 | 1023286 Canucklehead
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Relax, RoRoTrader.  I'm not sure if your comment is a parody of the linked article or if you want to discuss the IRA's role in Saudi Arabia.  In a casual sense, I don't think the IRA is providing training for Saudi rebels.

What do you think?

Sun, 03/06/2011 - 16:30 | 1023914 RoRoTrader
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I thought you'd never ask, CH.

I think I need to "get my mind right" in the words of the Captain from the film Cool Hand Luke.

Seriously?.......that Ph.D Nancy Kobrin is one twisted sister. I skimmed over it again and followed a few links which led to Jihad Watch and David Horowitz and the Anti-Chomsky Reader and another to Nancy Kobrin with an article entitled The Destructive Nature of Envy and Why Arabs HATE Jews.

Back to the IRA for a moment; switch the culture/history remove Arab/Jew and insert others so the title can also read Why Irish Hate English or Why American (savage) Indians Hate Christian Whiteman (implied that Indians are dangerous to whiteman/whitewoman and suddenly a justifcation to kill arises from inciting fear of somone 'different' - read another way also a strategy to rationalize and justify war against evil but real intent is to find a way of taking something belonging someone else).

Christians and Jews.......wonderful peoples.

And, that whole thing about Noam Chomsky looks like a permanent smear campaign designed to paint Chomsky as an anti-American, communist sympathsizer, Holocaust denier, justifying 911 attacks, liar, manipulator and distorter of language........almost forgot MoFo.

Maybe Kobrin can write a paper and name it The Destructive Nature of Envy and Why Horowitz Hates Chomsky.

I wonder if she fucks as nasty as she writes?

Sun, 03/06/2011 - 23:44 | 1025184 Canucklehead
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So if I understand you comment correctly, you really, really like Nancy Kobrin because she is a bad, bad girl who is bright.  You are afraid she would spurn your sexual advances because she doesn't like Moan Champsky, so it is unlikely she wood screw around with someone like you.

Is that the focus of your post?

Sat, 03/05/2011 - 23:39 | 1022877 Abitdodgie
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tHE WORLD IS NOT RUNNING OUT OF OIL BY THE FIRST CHART ABOVE SAYS AT THE CURRENT RATE OF USE IT WILL LAST FOR ANOTHER 62 YEARS (sorry cap lock was on ) What is changing is the cost of getting that oil , There is lots of oil you are just going to have to pay for it, The American Government all ready uses Ion propulsion systems (B2 bomber)and electromagnetic generators / engine, but whilst there is oil they will keep control and keep charging you . So it follows the more prices go up the more chance that they will loose control.

Sun, 03/06/2011 - 12:05 | 1023479 malikai
malikai's picture

Ion thrusters on a B2.. Are you high?

Sun, 03/06/2011 - 13:05 | 1023596 nonclaim
nonclaim's picture

Well, the blue glow in the dark sky would be a wonderful sight... plus the ozone hole (still there?) would fill up quickly.

Sat, 03/05/2011 - 23:48 | 1022890 Yen Cross
Yen Cross's picture

I won't even get into overnight swap rates, and the ECB scumbags that carry that trade. Libor is Dead!

Sat, 03/05/2011 - 23:56 | 1022905 Caviar Emptor
Caviar Emptor's picture

I think the big tell was not the Whoring (Giving away $37 Billion to angry citizens). It's today's banning of mass demonstrations planned for Friday as a "day of rage" by the Saudi Interior Ministry, and sending security forces to the North Shia stronghold. Wants some sticks with that carrot? 

Sat, 03/05/2011 - 23:59 | 1022923 Kurtieboy
Kurtieboy's picture

"...buying stabability...". What a joke the US is doing the exact same thing except they are financing it by borrowing and printing money.

Sun, 03/06/2011 - 00:00 | 1022925 sschu
sschu's picture

The question is the oil price threshold before we go "back" into major recession or depression.  In 2008 the price was about $150 for a while IIRC, and we all know what happened that September.  The risks were different then, housing was due to crash and the money center banks were heavily exposed to this risk.

Today it seems the risk category is the Federal government (and to some degree state and local governments).  They already are borrowing $1.5T, they need to roll-over additional debt (another trillion?).  So if tax revenues decline significantly, which they will now and may decrease a lot more when oil hits $150, the Federal government is facing an even greater funding crisis than at present.  Government costs rise in a recession and there is little movement toward austerity.

The result will be massive monetary debasement via the Fed ($5T annual for 3 years?) or financial asset confiscation, ie your 401K turns into 100 year treasury bonds with a paltry real return.

This oil shock could be the end.


Sun, 03/06/2011 - 09:36 | 1023325 MolotovCockhead
MolotovCockhead's picture

You mean 401K turn into 101K or could it be 10.1K.........whichever way you look at it, the end is near.......

Sun, 03/06/2011 - 00:10 | 1022948 Misean
Misean's picture

I guess printing more money is the proper response then.

Sun, 03/06/2011 - 00:12 | 1022952 Oh regional Indian
Oh regional Indian's picture

How can they do this to us Asians? Hmmm?

This whole complex of refineries being separated from the source was such a masterful ploy to make sure that the supply could be disrupted at will. The most convoluted supply chain is now going to show itself to be it's own achilles heel. 

I think profit potential is now out of the window. All the game are geo-political now!


Sun, 03/06/2011 - 00:59 | 1023036 Caviar Emptor
Caviar Emptor's picture

All the game are geo-political now!

It always was.  Saudi Arabia was founded with the blessing and financing of Great Britain. Arab-American Oil Company (Aramco) was formed through British and American backing for Standard Oil and Texaco. There are many dirty little secrets that have come out of this arrangement, too many to enumerate. 

Sun, 03/06/2011 - 01:46 | 1023092 Oh regional Indian
Oh regional Indian's picture

True Caviar. Something tells me a lot of secrets are going to get spilt soon. I'm sure lot's of folks caught the story of Egypt's State Security HQ being overrun.

Can you imagine what people have in their hands right now? 

Truly, literal, figurative and fractally, this is the time of Revelations.

Bated breath, I think this Egypt thing will reverberate through the world in the coming weeks.


Sun, 03/06/2011 - 12:03 | 1023478 samsara
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There are many dirty little secrets that have come out of this arrangement, too many to enumerate. 

The only thing new in the world is the history you don’t know.

Harry Truman
Sun, 03/06/2011 - 07:03 | 1023242 EscapeKey
EscapeKey's picture

Well, they raised the export price for us Europeans as well, while lowering American? This wouldn't happen to have anything to do with the Royals needing c/overt American military protection, or am I just a cynic?

Sun, 03/06/2011 - 09:22 | 1023317 Oh regional Indian
Oh regional Indian's picture

You are just a cynic EscapeKi!


Sun, 03/06/2011 - 10:32 | 1023344 slewie the pi-rat
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hi, EK:  one thing nobody seems to even consider, at least as presented here, by "one-nut" tyler, who can't get a big enuf french smooch onto jim roger's rosette, is the possibility that the saudi's may be making some of these "price changes" due to currency fluctuations around the US Dollar and/or its ongoing debasement via "QE", which is designed to "reflate assets"b/c DEflation is BAD.  which it is, i guess for central banks and broke zombie leveraged highhighhigh rollers.  but not for you, and me, and our friends and neighbors, and children. 

i don't have the data or the time to work it, right now, and maybe i'm just obviously wrong.  anyone?

there seems to be no end to the line of "experts" who understand oil, peak oil, future oil, saudi oil, north sea oil, texas intermediate oil, alberta sands oil, alaskan oil, venezuaelan oil, egyptian, lybian, mexican, and slewie's fave, palm oil! 

please don't ferget to keep one eye on the banksterz, their interlocking intel agencies, and the puppet nations which act as their proxies in "international affairs", which, i can see you are Royally up to, already.

if we, as humans, are to work through this amazing mess, together, somehow, will it not be from human values, on a human scale, hand-to-hand, starting now?


Sun, 03/06/2011 - 12:19 | 1023503 bretondog
bretondog's picture

if we, as humans, are to work through this amazing mess, together, somehow, will it not be from human values, on a human scale, hand-to-hand, starting now?



Thank you

Sun, 03/06/2011 - 12:25 | 1023509 bretondog
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Double post

Sun, 03/06/2011 - 02:25 | 1023024 RoRoTrader
RoRoTrader's picture

The 'bigger bigger' issue may be a coin toss to see if the market swings to bankrupt SA and then steal what is left or if OIL hits $125 by next Friday.

Tough call. Maybe both.

Sun, 03/06/2011 - 01:02 | 1023040 RockyRacoon
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Little darling, it's been a long cold lonely winter

Sun, 03/06/2011 - 02:19 | 1023107 RoRoTrader
Sun, 03/06/2011 - 01:06 | 1023047 locinvestor
locinvestor's picture

Look at the signs:

The rulers pay off the population with "raises".

They raise their exports to continue to buy credibilty in Europe.

While at first these seem like sensible steps to protect their share of the global market, they're meaningless long term. Why? Because their oil supply is overestimated.

Now, assume that that's true. Assume that all the propaganda from the oil lobby is propaganda. This then is a "national emergency". What's Obama going to do about it?

Nothing. This close to an election, he won't piss off some of his biggest donors by forcing them to take action. Is he fighting the neocons on spending cuts and not raising the National Debt Ceiling? No. Will he risk not being a centrist? Again, no.

Another key point. Obama won't dare risk looking weak in any way. Repeal any Patriot Act laws? Spend more money to actually create more "New Deal" jobs? If he does the neocons will once again scream "socialist".

Place your bets on just how high can gas prices go.


Sun, 03/06/2011 - 10:54 | 1023387 slewie the pi-rat
slewie the pi-rat's picture

please consider getting out for a short walk if you are still ambulatory.  take care in that if you hear the call of liberty, you may wish to join the parade.


Sun, 03/06/2011 - 03:31 | 1023159 zebra
zebra's picture

so s this good for stocks??

Sun, 03/06/2011 - 03:46 | 1023163 Yen Cross
Yen Cross's picture

Its all about stripes. Keep em crooked! Like a giant halibut on a checker board.

Sun, 03/06/2011 - 08:27 | 1023277 gigeze787
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Compassionate 'conservative' love?

Sun, 03/06/2011 - 08:53 | 1023290 Sutton
Sutton's picture

I get the feeling everyone is going to get a stimulus check soon, directly from the Treasury.

Especially those with a surfeit of melanin who suffer most.

Sun, 03/06/2011 - 09:16 | 1023307 Bobbyrib
Bobbyrib's picture

Couldn't Europe just go to the WTO and complain that they are price fixing for certain regions of the world?

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