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Saudis Fresh Prince Freaks Out About U.S. Fracking
Investor's Business Daily ^ | July 30, 2013 | IBD EDITORIALS

Posted on 07/30/2013 4:31:51 PM PDT by raptor22

Energy: A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed in the U.S. and spreading around the world. OPEC is now caught between Riyadh and a hard place.

Indicative of the panic rippling through the Organization of Petroleum Exporting Countries over the U.S.-led fracking boom, billionaire Saudi Prince Alwaleed bin Talal says his Gulf Arab kingdom needs to reduce its reliance on crude oil and diversify its revenues, lest the era of gold-plated toilets come to an end.

In an open letter to his country's oil minister Ali al-Naimi and other government heads, published on Sunday via his Twitter account, Prince Alwaleed said demand for oil from OPEC member states was "in continuous decline" as a result of the technology that has unleashed vast deposits of oil and natural gas worldwide.

In a report earlier this month, OPEC forecast demand for its oil in 2014 would average 29.61 million barrels per day (bpd), down 250,000 bpd from 2013. It cited rising non-OPEC supply, especially from the U.S.

(Excerpt) Read more at news.investors.com ...


TOPICS: Editorial; Government; News/Current Events
KEYWORDS: alwaleed; alwaleedbintalal; bintalal; carbontax; energy; fracking; ibd; ibdfracking; kenyanbornmuzzie; marcellus; naturalgas; oil; opec; princealwaleed; saudiarabia; shale; shalegas; shaleoil

1 posted on 07/30/2013 4:31:51 PM PDT by raptor22
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To: raptor22

Cue up the violins...


2 posted on 07/30/2013 4:32:35 PM PDT by madison10
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To: raptor22

If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.


3 posted on 07/30/2013 4:34:41 PM PDT by Fiji Hill
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To: raptor22
 
 
Waiting for someone to do one of those Hitler-freaks-out-about-fracking Youtube videos.
 
 

4 posted on 07/30/2013 4:34:59 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: raptor22

I think the Environazis are freaked out too.

Private industry blindsided them, and they are freaked out.


5 posted on 07/30/2013 4:35:00 PM PDT by Balding_Eagle (When America falls, darkness will cover the face of the earth for a thousand years.)
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To: raptor22

For those who want to see a 6 minute video showing how horizontal drilling and fracking is done, Northern Gas and Oil has done a great one.

This includes a piece on how groundwater contamination is avoided:

http://www.northernoil.com/drilling-video

Knowledge is power, keep the link and pass it on.


6 posted on 07/30/2013 4:35:46 PM PDT by Balding_Eagle (When America falls, darkness will cover the face of the earth for a thousand years.)
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To: Nachum; markomalley; Clairity; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

IBD EDITORIAL PING


7 posted on 07/30/2013 4:36:45 PM PDT by raptor22 (Visit my blog at True Conservatives on Twitter: http://t.co/IKpP3cwq)
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To: raptor22

The Fresh Prince of Bahrain.


8 posted on 07/30/2013 4:38:55 PM PDT by Old Yeller (Goodbye America. Glad the majority of my years were spent during the good days.)
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To: raptor22

Couldn’t happen to a more deserving bunch of 6th Century Neanderthals!
I understand that they are working on the new “Sand Diet.”


9 posted on 07/30/2013 4:40:27 PM PDT by vette6387
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To: raptor22
There's a tendency for us to find this humorous.  I think there's another side to it though.  While we do get perterbed with the Saudis, the truth is that nation could be much worse.

It's people are by and large a large body of whacked out Islamic adherents, whose real feelings against the U. S. are largely tamed by their government.  I know many of you can give good examples where that didn't happen.  I'm not going to deny that.  Unfortunately, in life, bad things can and do get worse.  The Shah of Iran wasn't perfect.  A lot of folks wanted him gone.  Mubarak was far from perfect.  Now look at things.  Even the somewhat mellowed out Khadaffy was replaced by a network that may yet wind up making the Middle-East much worse than it has been over the last thirty years.

We shouldn't take much glee from anything that might upset the balance of power in Saudi Arabia.  If it were to go, Jordan and other friendly nations with the West might follow.


Ramirez's latest political cartoon "daily dose" 07/30/2013: LINK




FOLKS, THOSE OF YOU WHO CAN, PLEASE CLICK HERE AND PENCIL IN YOUR DONATION TO HELP END THIS FREEPATHON.  THANK YOU!
...this is a general all purpose message, and should not be seen as targeting any individual I am respondi  ng to...

10 posted on 07/30/2013 4:45:12 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: Balding_Eagle

The real freak out for them, is that the world is not about to run out of oil. They’ve counted on that card since the early 70s.

I find this hilarious.

I was at CityWalk Universal a couple of weeks ago, and one person was talking about how oil was running out around the world. I didn’t want to be the guy who explained that wasn’t true. So I sat there and listened. ;^)


11 posted on 07/30/2013 4:47:59 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: raptor22
Diamond studded Saudi Car:

Life for the Citizens:


12 posted on 07/30/2013 4:51:22 PM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: Grampa Dave; granite; GreenFreeper; grjr21; I got the rope; IchBinEinBerliner; jaredt112; JayB; ...

IBD EDITORIAL PING


13 posted on 07/30/2013 4:55:09 PM PDT by raptor22 (Visit my blog at True Conservatives on Twitter: http://t.co/IKpP3cwq)
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To: raptor22

prince to a pauper


14 posted on 07/30/2013 4:56:15 PM PDT by molson209 (Hillary Clinton)
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To: raptor22

Fracking Muslims back to the stone age ping!

Want to buy a goat?


15 posted on 07/30/2013 4:58:10 PM PDT by hadaclueonce (dont worry about Mexico, put the fence around kalifornia.)
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To: Fiji Hill
If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.

They've been doing it for a long time. There's no profit in the tree-hugging business, how else could the tree-hugging/anti-nuke/anti-frack lobby attain such disproportionate influence?

16 posted on 07/30/2013 5:05:08 PM PDT by Spirochete (Does the FedGov have the attributes of a legitimate government?)
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To: Admin Moderator; Still Thinking; StopGlobalWhining; Straight Vermonter; Tampa Caver; TChris; ...

IBD E-D-I-T-O-R-I-A-L PING


17 posted on 07/30/2013 5:16:50 PM PDT by raptor22 (Visit my blog at True Conservatives on Twitter: http://t.co/IKpP3cwq)
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To: Fiji Hill
If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.

They fully funded the Fresh Prince of Bill Ayers, from college through the White Hut...

18 posted on 07/30/2013 5:24:50 PM PDT by null and void (You don't know what "cutting edge" means till you insult Mohammed.)
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To: Fiji Hill

Saudi Prince Alwaleed bin Talal doesn’t have to worry - Obama can appoint him to run the FBI or Homeland Insecurity.... someone has to target those ‘oh so violent’ Tea Party members....


19 posted on 07/30/2013 5:26:15 PM PDT by GOPJ (Sob stories make bad law...)
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To: GOPJ

Abu dabi detroit.


20 posted on 07/30/2013 5:41:57 PM PDT by spawn44 (MOO)
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To: madison10; raptor22

21 posted on 07/30/2013 5:44:34 PM PDT by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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To: raptor22

The muslim oil barons have started hiring Hollywood actors such as Matt Damon and Krasinski.

They already own Obama and The Sierra Club.

Only right wing NeoCons want the US trroops out of the Middle East.


22 posted on 07/30/2013 5:52:43 PM PDT by NoLibZone (There is only one solution: Secession by the Red states.No need to be in the NYC union.)
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To: Fiji Hill

If you follow the money, that worked for a while.


23 posted on 07/30/2013 5:54:31 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: spawn44

Abu Dhabi’s UAE but it’s close enough...


24 posted on 07/30/2013 6:17:15 PM PDT by GOPJ (Sob stories make bad law...)
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To: raptor22

He is probably funding all the nutcakes that are trying to stop it. How satisfying would that be to produce so much energy here we no longer had to have anything to do with those people. They have no other source of wealth. They produce nothing that isn’t sucked out of the ground. They don’t create anything. They have not diversified. Ending the transfer of our wealth to their pockets would be so gratifying.


25 posted on 07/30/2013 6:26:22 PM PDT by La Lydia
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To: Fiji Hill
If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.

Who do you think funds the anti-fracking whackos?

I'm serious. Gasland was funded by Venezuelan interests, and Promised Land was funded (at least in part) by a company wholly funded by the United Arab Emirates.

26 posted on 07/30/2013 6:55:38 PM PDT by justlurking (tagline removed, as demanded by Admin Moderator)
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To: DoughtyOne

I love the threat of it affecting their revenues. It means they will have less money to fund global terrorism and be late in meeting their immediate objectives.

Watch them put more pressure on their point man in our White House.


27 posted on 07/30/2013 6:56:34 PM PDT by himno hero (hadnuff)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Must be that sense of public service and concern for the environment.

Thanks raptor22.


28 posted on 07/30/2013 7:22:56 PM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
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To: justlurking

Add Soros and Petrobras to the funders. We even loaned them money to do deep drilling off brazil.


29 posted on 07/30/2013 7:29:47 PM PDT by Mamzelle
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To: himno hero

Well, it’s hard to argue he isn’t their point man, because he probably shares a lot of the beliefs of the Saudi People. Anotherwords, it’s hard to make the case he is their point man, because they don’t even have to pressure this idiot.

He stopped the pipeline on his own. I’ll bet he’d stop shale too if hey could come up with a way to do it.

He just wants to take this nation down, and I think the Saudis are smart enough to know that if you tank the Western powers, their wealthy become essentially less, and also rather pointless.

What’s the point of having all that wealth, if there isn’t a thriving economy to purchase things from? What car do you buy if nobody is making them? What Casino do you hang out in, if there are no longer any beautiful people.

I know this sounds trite, but without the little people, the rich are no longer rich. What do you invest in if the West collapses? Where do you play if chaos rains down?

People are messing with fire here. Handled wrong, this could be a global meltdown, a real calamity.

I think Bush was a much better point man. He only tweaked the edges, but even he failed to grasp the economic dangers he faced. In the end, he damaged everyone.

Obama could end everyone fiscally.


30 posted on 07/30/2013 8:20:52 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: DoughtyOne
We shouldn't take much glee from anything that might upset the balance of power in Saudi Arabia.

I understand what you are saying, but Saudi Arabia is already lost to genetics. The elephant in the islamic sitting room is inbreeding.
31 posted on 07/30/2013 8:21:08 PM PDT by PA Engineer (Liberate America from the Occupation Media.)
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To: Mamzelle

Yep, can you believe that?

We deny drilling rights in the Gulf because those deep wells are dangerous, and off the cost of Brazil the wells are twice as deep, and Obama granted loans.


32 posted on 07/30/2013 8:23:19 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: PA Engineer

Are they staying mainly within the Saudi ruling class or something?


33 posted on 07/30/2013 8:24:57 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: DoughtyOne
Are they staying mainly within the Saudi ruling class or something?

Amongst the people. There are multiple genetic base disorders that effect well over half the population. It is a huge medical issue and does not bode well to continuing generations.

There is so much irony in Saudi Arabia. It has one of the harshest desert environments in the world, but is rich in both oil and minerals. Without foreign workers, the Kingdom would never have developed. Without oil, there will be no foreign workers to maintain what has been built.
34 posted on 07/30/2013 8:35:32 PM PDT by PA Engineer (Liberate America from the Occupation Media.)
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To: PA Engineer

Ouch. Thanks for the mention of the disorder and the economic abyss too.


35 posted on 07/30/2013 8:40:14 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: DoughtyOne
Ouch. Thanks for the mention of the disorder and the economic abyss too.

Please check into it. There are actually multiple horrific disorders. Nothing is what it seems and I have to admit my years working there were both the best and worst years of my life. The best was because of how eye opening it was. It changed my outlook on the world and the "politics" passed off as foreign policy contrary to the facts on the ground.
36 posted on 07/30/2013 8:51:21 PM PDT by PA Engineer (Liberate America from the Occupation Media.)
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To: PA Engineer

If you could, I would find it interesting if you could expand your comments.

If you’d rather not, I understand. You’ve got me curious now.

Sounds like you have some interesting things to relate.


37 posted on 07/30/2013 8:53:32 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: Fiji Hill; sickoflibs; GOPsterinMA; BillyBoy; fieldmarshaldj; NFHale; Perdogg; stephenjohnbanker
If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.

If I were the Saudi King I'd chill out in a Palace with my 200 concubines and not give a good god damn about anything. ;)

38 posted on 07/30/2013 11:03:07 PM PDT by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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To: Fiji Hill
If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.

Considering the KGB provided seed money to at least one of the better known environmentalist groups back in the '70s with the express intent of hobbling Western Industry, they would not be the first to use our courts to injure our strength as a nation.

As a rule, things are a lot cleaner now--we haven't had any rivers catch on fire lately--so the better money would be spent bribing the EPA and associated flunkies, and buying 'studies' to provide 'justification' for insane regulation.

The money need not even be spent here in the US, if one considers the "Global Warming" panic and rhetoric which has so severely perfused conventional wisdom, media, and entertainment that it will take the next ice age before people realize it isn't happening.

39 posted on 07/30/2013 11:34:46 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: DoughtyOne
We shouldn't take much glee from anything that might upset the balance of power in Saudi Arabia. If it were to go, Jordan and other friendly nations with the West might follow.

I wasn't happy about the shift in Libya or Egypt, and frankly, figured Duh-1 had weighed in on the wrong side. Better the devil you know, and as is proving out, there are far worse over there. At least the old regimes were fairly predictable and stable.

40 posted on 07/30/2013 11:38:21 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: Fiji Hill
If I were the Saudi king, I would consider secretly funding environmentalist wacko groups in the US.

What makes you think they aren't.

Foreign nations fund a lot of the left wing pressure groups.

E.g., Saddam Hussein's Iraq contributed major funds to A.N.S.W.E.R. and their anti-war operation.

41 posted on 07/30/2013 11:52:08 PM PDT by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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To: raptor22


In 2012, Saudi Arabia earned $311 billion (Today's Dollars)

Since 2005, Saudi Arabia has reduced its oil exports by 2 million barrels a day.

But Saudi Arabia is still earning a lot of money.
42 posted on 07/31/2013 3:00:25 AM PDT by Laurent.w
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To: raptor22

I find this good news. Us seeking freedom from oil controlling countries that has them freaking out means we are on the right path!

The dude is correct in trying to convince the “oil producing dependent” country that they will see a major dip in their incoming money. But it sounds like the arrogance of the Saudi kingdom doesn’t see it happening.


43 posted on 07/31/2013 6:49:39 AM PDT by beachn4fun (Face it - an aging body is not pretty...no matter how many times you tack it up.)
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