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Saudi Arabian prince Alwaleed bin Talal would like to see oil prices drop to the $70-$80 a barrel range in a move to thwart western development in alternate fuels.

The prince is aiming to do this to prevent the U.S. and Europe to invest in alternative energy sources, his family member told media.

"We don't want the West to go and find alternatives," Alwaleed, a nephew of Saudi King Abdullah, said in interview with CNN.

Needless to say, whatever your political leanings, their is something not the like here.  For liberals Saudi money is helping put down the Arab Spring:

Hundreds of troops from Saudi Arabia and police officers from the nearby United Arab Emirates have entered Bahrain at the request of the ruling family, a move that further polarized the tiny island nation and marks the first time Arab nations have intervened in another country's affairs amid sweeping unrest in the region.

And for Republicans:

In October 2001, following the World Trade Center attacks, New York mayor Rudy Giuliani turned down a $10 million donation from Al-Waleed for disaster relief after the prince suggested the United States "must address some of the issues that led to such a criminal attack," and "re-examine its policies in the Middle East." Giuliani interpreted his statements as drawing "a moral equivalency between liberal democracies like the United States, like Israel, and terrorist states and those who condone terrorism."
In 2002, Al-Waleed donated 18.5 million British pounds ($27 million) to the families of Palestinians during a TV telethon following Israeli operations in the West Bank city of Jenin. The telethon was ordered by Saudi King Fahd to help relatives of Palestinian martyrs. The Saudi government maintained the term "martyrs" referred not to suicide bombers but to "Palestinians [who are] victimized by Israeli terror and violence."

However, I have every confidence that our political leadership will see through his foibles and do everything possible to kill green energy as:

He is founder and CEO of Kingdom Holding Company. As of March 2011, his net worth is estimated at US$19.6 billion, according to Forbes, making him the 26th richest person in the world on their list published in March 2011.  He has been nicknamed by Time magazine as the Arabian Warren Buffett.

And as we all know in America money trumps both ideology and national security.  After all, our politicians are perfectly happy to count somebody as a friend is they see a person with two dollars and one becomes a campaign contributions and the other is used to buy bullets to kill our troops in Iraq and Afghanistan.  

Yeah I know that's harsh but I'm just so F&*$ing tired of seeing things like the six year old girl on my son soccer team that was barely holding to together while her daddy was in Iraq.  

Originally posted to Metaclick on Sun May 29, 2011 at 08:35 PM PDT.

Also republished by Foreign Relations.

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Comment Preferences

  •  Tip Jar (26+ / 0-) From Dictatorship to Democracy, Guide to Non Violent Protests.

    by sdelear on Sun May 29, 2011 at 08:35:19 PM PDT

  •  The only way he could do this... (3+ / 0-) to really ramp up production. Maybe he should start buying up all the captured carbon dioxide from coal-fired power plants to force more oil out of Saudi oil fields.

    Oh, wait...

    Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

    by JeffW on Sun May 29, 2011 at 08:41:39 PM PDT

    •  he could do it briefly by... (2+ / 0-)

      ... getting all his pals over there to go along with it for a short period of time.  That would create a downward price trend for a couple of months, during which time his pals over here could make political hay over it, and take the opportunity to try to yank the funding for clean energy.  

      While it's correct that he can't do anything about the actual production levels (see also peak oil) he can certainly cause much mischief.  

      •  I doubt he could get any reductions... (0+ / 0-)

        ...without any production increases. But we'll see...

        Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

        by JeffW on Sun May 29, 2011 at 09:24:38 PM PDT

        [ Parent ]

        •  financial manipulations and... (2+ / 0-)
          Recommended by:
          Andhakari, Bronx59

          .... cooperation of the cartel.  

          Where we're at in the peak oil curve right now is the transition phase where such things are still possible.  That'll last another 5 - 10 years.  After that it becomes more and more difficult to get even momentary price decreases.

    •  The only way he can influence oil prices (3+ / 0-)
      Recommended by:
      petral, Meteor Blades, Andhakari

      is to cut production, and force prices up.  The Saudis no longer have the capability of long term production increases to hold prices down, and they have no financial incentive to do that, either.  The higher the price the greater their near term income and the greater the value of their remaining reserves.  They know that . . .

      Fake Left, Drive Right . . . not my idea of a Democrat . . .

      by Deward Hastings on Sun May 29, 2011 at 10:22:01 PM PDT

      [ Parent ]

  •  Well bring oil down to $70 to $80 (1+ / 0-)
    Recommended by:

    President Obama, May 5, 2011: "When we say we will never forget, we mean what we say".

    by Drdemocrat on Sun May 29, 2011 at 08:52:46 PM PDT

  •  Saudi Arabia coudl actually do well to build (7+ / 0-)

    infrastructure in solar energy. The country is a desert that bakes under the sun. Solar energy could be very profitable for the Kingdom.

    •  Saudi Arabia has big energy needs (0+ / 0-)

      I think you will see them using solar to power air conditioning and water desalinization.

      "let's talk about that"

      by VClib on Sun May 29, 2011 at 09:31:22 PM PDT

      [ Parent ]

    •  And no doubt they will (1+ / 0-)
      Recommended by:

      when the cost comes down by a factor of ten relative to oil.  At the moment oil and natural gas are far less expensive to everyone, and especially to the Saudis, than any solar energy capture.  When it becomes economically advantageous to the Saudis to generate solar power (and sell the oil and gas that solar replaces at a profit) they will do it.  Not a day before, though.  And at that point we'll be paying a lot more than $4/gallon for gas . . .

      Fake Left, Drive Right . . . not my idea of a Democrat . . .

      by Deward Hastings on Sun May 29, 2011 at 10:17:08 PM PDT

      [ Parent ]

  •  These people are NOT our friends. (5+ / 0-)
    Recommended by:
    petral, MartyM, billmosby, mickT, Bronx59

    In fact they're our enemies.  

    See also the kinds of anti-American and anti-Semetic propaganda these bastards are pushing in their madrassas throughout the Middle East and now all over the world including in the US.  

    They set up the madrassas and then they donate the textbooks and other materials.  

    Some of it is as crude as Nazi propaganda.  

    There are also apparent connections to terrorist organizations.

    •  He addressed that, too.. (0+ / 0-)

      said the government was trying to marginalize the Wahabis. Somehow his credibility during the whole interview was not all that great. Fareed must be very intimidating in person, lol.

      Moderation in most things. Except Reactors. IFR forever!

      by billmosby on Mon May 30, 2011 at 06:47:16 AM PDT

      [ Parent ]

  •  Pulling US strings (2+ / 0-)
    Recommended by:
    papicek, Bronx59

    is what the Saudis have done for decades.  And much like with Israel, US administrations and the US congress does nothing to criticize "our good friends", even though the perpetrators of 9/11 mostly hailed from the kingdom.

    Therein lies the big problem with US ME policy - we are all too willing to criticize and condemn our enemies, people we have absolutely no influence over.  But when it comes to our good "friends" Israel, Saudi Arabia, Kuwait, and Egyt we sit silent every time they act in ways that work against our self-interest; sometimes their own.

    Money and political power buys influence in DC and too many in the ME have an abundance of both.

    OK, let the charges of anti-Semitism begin.

    •  and they aren't the only ones... (1+ / 0-)
      Recommended by:

      not by any means. Look for any large ethnic or powerful constituency in the US, and if the home country has any wealth at all or is a regional power, then be certain they are pulling strings here. Absolutely have no doubt about this.

      There's the Cuban community, Hispancis, Israelis, Irish, etc. The Saudi entry into US politics is through oil companies and Wall Street. Much like the nineteenth century, international relations depends largely on influence in the courts of the great powers: the US, China, Russia and the EU.

      From yesterday's diary:

      This is the world as we know it now, in its entirety. Foreign nations hire lobbyists to plead their cases in back rooms to members of Congress at many levels: from geopolitical conflict resolution to managing legislation affecting sovereign wealth funds. Even China is getting into the act. It is not so different than what characterized diplomacy in Europe for centuries, only the mechanics have changed. One must have diplomatic relations, at least one significant ally in the administration, a significant (and significantly wealthy) expatriate population who identify in some degree (the stronger the better) with the old country, a good working relationship with key senators, having similar relations with the House (anyone not on the committee on foreign affairs, the appropriations committee or in leadership can be safely ignored), a good working relationship with key editorial boards and a good US PR firm to write the spin that those editorial boards will print.

      For "expatriate population" substitute "domestic constituency" and the Saudis fit in nicely. Mind you, Aisian and African politics don't share our history and appreciation for stable borders. They never had a Peace of Westphalia to help define sovereignty and the inviability of the nation-state. So the Saudis have their own concerns with a rising Iran, to whom we handed Iraq.

      The "Law of the Fishes" still applies to international relations in Asia in a big way.

      "The cure for bullshit is fieldwork."
      Robert H. Bates, Eaton Professor of the Science of Government, Harvard University.

      by papicek on Mon May 30, 2011 at 07:25:42 AM PDT

      [ Parent ]

  •  Heh-- I couldn't believe he said it out loud. (1+ / 0-)
    Recommended by:

    He seemed awfully squirrely during that whole interview, as if he couldn't believe he had said it out loud, either. Kind of like he was a little nervous about having to deny that his country had any control over the price of oil, and then picking the one absolute worst example of why they might want to make the price lower, if only they could.

    Moderation in most things. Except Reactors. IFR forever!

    by billmosby on Mon May 30, 2011 at 06:43:40 AM PDT

  •  Remember--he owns a big chunk of Fox News. (1+ / 0-)
    Recommended by:

    "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity." --M. L. King "You can't fix stupid" --Ron White

    by zenbassoon on Mon May 30, 2011 at 07:28:10 AM PDT

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