Unbelievable – Saudis Ask for Financial Aid if World Cuts Dependence on Oil

Posted on October 8, 2009

AP article from Chron.com via Drudge:

I am so outraged that I can hardly form a coherent sentence. Apparently, the Saudis are worried about their finances should the world lessen its dependence on oil.  From the article:

Saudi Arabia has led a quiet campaign during these and other negotiations — demanding behind closed doors that oil-producing nations get special financial assistance if a new climate pact calls for substantial reductions in the use of fossil fuels.

You have got to be kidding me!  The same organization that has held the world hostage with its oil supplies are now crying foul should we chose to no longer use their crude?   What nerve.

These are the same group of people who built  ski facilities in the desert  with their oil money and have gold-plated bathroom fixtures. 

Maybe the oil rich countries should have been investing their profits  in more long term projects all these years instead of spending so frivolously.  I say let them eat crude.

Posted in: Economy