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Sen. Schumer tells Clinton to pressure Saudi Arabia to pump more oil
The Hill ^ | 2/26/12 | Ben Geman

Posted on 02/26/2012 3:51:16 PM PST by Libloather

Sen. Schumer tells Clinton to pressure Saudi Arabia to pump more oil
By Ben Geman - 02/26/12 11:59 AM ET

Sen. Chuck Schumer (D-N.Y.) wants Secretary of State Hillary Rodham Clinton to press Saudi Arabia, OPEC’s dominant oil producer, to boost output as rising prices are hitting consumers at the gasoline pump.

A letter to Clinton on Sunday from Schumer, a top political strategist for Senate Democrats, comes as Democrats are trying to blunt constant GOP attacks over soaring gasoline prices.

“These skyrocketing fuel prices are directly linked to the global energy market, particularly Iran’s recent efforts to manipulate oil prices and the worry of impacts on supply from an escalation of regional hostilities,” Schumer writes.

“To address this situation, I urge the State Department to work with the government of Saudi Arabia to increase its oil production, as they are currently producing well under their capacity,” adds the letter, which was first obtained by Reuters.

Tensions over Iran’s nuclear program have helped to push crude oil prices sharply higher in recent weeks. Oil is trading at its highest levels since early May, and prices rose again to close at $109.77 per barrel Friday on the New York Mercantile Exchange.

Regular gasoline prices are now averaging $3.69-per-gallon nationwide, and are already above or nearing $4 in some markets, according to AAA.

The cost of gasoline is tethered to global oil prices, and Saudi Arabia is the only OPEC producer with significant spare production capacity.

The kingdom has the capacity to produce over 12 million barrels per day. Schumer’s letter notes that current production is in the 10 million barrel range, and presses Clinton to urge the Saudis to ramp up output to 12.5 million barrels.

Schumer’s letter to Clinton argues that Saudi Arabia’s production levels have a “negative impact” on global markets.

“When paired with recent actions by Iran in halting sales to French and U.K. companies, and threatening to stop sales to countries such as Italy, already fragile markets are unduly roiled. These market shifts are now hitting Americans at the pump, reverberating throughout the rest of our economy, and threatening our recovery,” he writes.

Republicans continued to hammer the Obama administration Sunday over prices at the gas pump, which loom as a political threat to the president's reelection despite good news on the economy and jobs of late.

Republicans on Capitol Hill and the party’s presidential candidates argue Obama is keeping too many areas off-limits to energy production.

Sen. Lindsey Graham (R-S.C.), speaking on CNN Sunday, said that in the 2012 presidential election, gas prices and energy will be a “big issue,” arguing that voters will see that “every time you go get your car filled up, it's going to be because of President Obama's inaction.”

President Obama, in a major speech last week, sought to rebut GOP attacks.

The president and aides, warning there’s no quick fix on gasoline prices, have accused Republicans of playing politics with the issue while touting Obama’s record on domestic energy production, auto efficiency rules and development of alternative sources.

Click here for what to watch in the gas price battles going forward.


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events; US: New York
KEYWORDS: chuckschumer; clinton; gas; newyork; oil; opec; saudiarabia; schumer; upchuckschumer
Why not tell the rookie Hussein to do it here?
1 posted on 02/26/2012 3:51:25 PM PST by Libloather
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To: Libloather

“We’ve tried nothing and we’re all out of ideas.”

-Ned Flanders’ Mom, ‘The Simpsons’


2 posted on 02/26/2012 3:52:51 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Libloather

If she wants to lower prices, end the speculation at the CME


3 posted on 02/26/2012 3:55:42 PM PST by U-238
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To: Libloather
Uh, wasn't it Schumer, along with JF'n Kerry, that stopped US oil companies from bidding/getting Iraqi oil leases?

Can't remember the specific reason.

4 posted on 02/26/2012 3:57:38 PM PST by Calvin Locke
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To: Libloather
Dems are terrified about gas prices, suggesting that we crack open the strategic oil reserves or beg the Saudis for more oil -- anything but drill here, drill now.

Summer's coming, then the votin'.

5 posted on 02/26/2012 3:59:23 PM PST by sportutegrl
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To: Libloather
Chuck U Schumer should take a meeting, personally, at Mecca with the Sheik's and convince them himself.
6 posted on 02/26/2012 3:59:35 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it. (plagiarized))
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To: Libloather
So, did we reach $6.00 per gallon yet somewhere?

Here's my prediction from yesterday:

February 25, 2012 10:48:38 PM EST · 6 of 38

muawiyah to Iam1ru1-2

SEIU is a pretty hard core Democrat union but even they are sensitive to increases in the cost of gasoline.

At $6 per gallon you'll find SEIU leaning on Democrats in Congress.

At $6.50 per gallon SEIU will send their legal counsel to talk to Obama.

At $7.00 per gallon SEIU will be burning Joe Biden in Effigy Illinois

At $7.50 per gallon SEIU will be taking up pitchforks and firebrands to run down Democrat politicians at night.

At $8.00 per gallon, the Republican Establishment will join SEIU

7 posted on 02/26/2012 3:59:47 PM PST by muawiyah
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To: Navy Patriot

Chuck needs a tour around the black rock and he can toss a few stones...


8 posted on 02/26/2012 4:02:49 PM PST by ptsal (E)
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To: Libloather
Let's see....

Allow Iran to run rampant.

Pressure the Sauds.


I'd have to say Bammy is a Shiaa.

9 posted on 02/26/2012 4:07:28 PM PST by rawcatslyentist (BO Stinks! So does Mitts magic underwear!)
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To: muawiyah
"At $6.50 per gallon SEIU will send their legal counsel to talk to Obama."

I believe the proper term is "Consigliere." :-)

10 posted on 02/26/2012 4:09:50 PM PST by DemforBush (A Repo man is *always* intense!)
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To: Libloather

http://homesteadishome.blogspot.com/2012/02/orlando-area-gas-close-to-600-per.html ORLANDO ~ so, is Chucky Schumer responding to New York interests or SEIU or something in between?


11 posted on 02/26/2012 4:11:01 PM PST by muawiyah
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To: Libloather

Threaten to do a striptease, Hillary, the Saudis will be at your mercy.


12 posted on 02/26/2012 4:11:15 PM PST by TigersEye (Life is about choices. Your choices. Make good ones.)
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To: DemforBush
I'm polite if nothing ~ but we are at $6.00 and that's SEIU "pressure Congress" territory. And apparently they did and up pops Chucky Schumer!

I think Harry Reid is "out" but he doesn't know it, but he should be taking the lead in this.

13 posted on 02/26/2012 4:13:20 PM PST by muawiyah
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To: Libloather

Did she remind him “You can’t pump your way out of this”


14 posted on 02/26/2012 4:17:54 PM PST by omega4179 (Internet ID:FU░&#BO)
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To: Libloather

Think about it awhile....

GE does not want lower oil prices.

Duh!


15 posted on 02/26/2012 4:21:34 PM PST by hadaclueonce (scrap copper is more than $3.00 a pound. wind generators are full of copper)
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To: Libloather

Awwww.... Isn’t that so sweet. Chucky is crapping his pants and needs little help gettin’ his socialist britches down.


16 posted on 02/26/2012 4:27:10 PM PST by eyedigress ((Old storm chaser from the west)/?)
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To: Libloather
Sen. Schumer tells Clinton to pressure Saudi Arabia to pump more oil

Right, pressure Saudi Arabia to do what our left-wing environmentalist NGOs won't let us do. Obama's energy policy consists of funneling billions to pie-in-the-sky "green" energy scams at the behest of Western environmentalist groups and importing oil from dictators who laugh at environmentalist groups.
17 posted on 02/26/2012 4:40:09 PM PST by AnotherUnixGeek
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Obama bows down to Saudi King | American Thinker | April 02, 2009 | Clarice Feldman | Posted on 04/02/2009 8:19:47 AM PDT by rdb3
Obama bows down to Saudi King | American Thinker | April 02, 2009 | Clarice Feldman | Posted on 04/02/2009 8:19:47 AM PDT by rdb3

18 posted on 02/26/2012 4:41:20 PM PST by SunkenCiv (FReep this FReepathon!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Libloather.
Image and video hosting by TinyPic "They need the money more than we do. By letting them get the oil we can become their customers and help them create jobs and build up their economy."

19 posted on 02/26/2012 4:44:04 PM PST by SunkenCiv (FReep this FReepathon!)
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To: Libloather
Oops!!!

Report: Saudis Warned Obama Not to 'Humiliate' Mubarak

Obama losing the Saudis?

20 posted on 02/26/2012 4:44:40 PM PST by Timber Rattler (Just say NO! to RINOS and the GOP-E)
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To: Libloather

I thought according to barry all we had to do was keep our tires inflated properly and that would save us?? LOL Hussein is a joke and needs to go in 2012!!!


21 posted on 02/26/2012 4:49:50 PM PST by jakerobins
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To: Libloather
Anything that would keep us from drilling for our own.
22 posted on 02/26/2012 5:13:03 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: Libloather

Yeah! Send Hillary over there to put those arrogant males in their places, and show ‘em who their master is.


23 posted on 02/26/2012 5:25:18 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: Libloather

Sen. Schumer tells Clinton to pressure Saudi Arabia to build oil pipeline to Montana.


24 posted on 02/26/2012 7:14:15 PM PST by bunkerhill7 (Oil in Montana??- Who knew?)
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To: Libloather

Gee, the Saudi Royal Family probably isn’t real fond of the ‘Arab Spring’...why would they help Barry?


25 posted on 02/26/2012 7:29:24 PM PST by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: Libloather

Maybe Schumer should demand 0bama and the State Department to approve the Keystone pipeline


26 posted on 02/26/2012 9:11:42 PM PST by Steven Tyler
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