You’d Think They Might’ve Socked A Buck Or Two Away
By Mitch Berg
Headline: “Saudis ask for aid if world cuts dependence on oil:
There are plenty of needy countries at the U.N. climate talks in Bangkok that make the case they need financial assistance to adapt to the impacts of global warming. Then there are the Saudis.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.
That campaign comes despite an International Energy Agency report released this week showing that OPEC revenues would still increase $23 trillion between 2008 and 2030 — a fourfold increase compared to the period from 1985 to 2007 — if countries agree to significantly slash emissions and thereby cut their use of oil. That is the limit most countries agree is needed to avoid the worst impacts of climate change.
Subsidies for the Saudis.
Call it “Cash for Monarchs”.
October 9th, 2009 at 8:29 am
Dinars for Djibouti.
Sheckels for Sheiks.
Sawbucks for Saudis.
Moolah for Abdullah.
Cash for Camels.
etc, etc.
October 9th, 2009 at 11:59 am
The whabbis will uprise and take that country over sooner or later, the only question is will they have enough oil left for us to care about them. The House of Saud is built on a foundation of oil and sand, not exactly a strong foundation.