tag:blogger.com,1999:blog-16691733.post116007319596081527..comments2023-10-24T08:33:10.354-04:00Comments on Reformed Leftist (& Friends): Hospitality from the House of SaudPaul Huehttp://www.blogger.com/profile/01276182482853030605noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-16691733.post-1160145318577075092006-10-06T10:35:00.000-04:002006-10-06T10:35:00.000-04:00Paul, there no question that the Saudis "have such...Paul, there no question that the Saudis "have such power." They have huge influence over the supply part of the supply and demand curve that governs oil prices. If they want prices to spike, all they have to do is slash production--or hont at such a move. If they want prices to fall, all they have to do is jack up production--or hint at such a move. Their power to do the latter has diminished in Tom Philpotthttps://www.blogger.com/profile/12628086253733653673noreply@blogger.comtag:blogger.com,1999:blog-16691733.post-1160107380310343512006-10-06T00:03:00.000-04:002006-10-06T00:03:00.000-04:00Tom: Maybe Bush thanked the guy. What's the source...Tom: Maybe Bush thanked the guy. What's the source for that? Who's the guy in the room that reported this to Woodward? I read the piece, and Woodward doesn't explain how he could get the quote, not even from an "unnamed source." In any case, if Bush is as stupid as you and Nadir are certain he is (only smart enough to get a slightly better Yale GPA than Kerry), he might really think that the Paul Huehttps://www.blogger.com/profile/01276182482853030605noreply@blogger.comtag:blogger.com,1999:blog-16691733.post-1160082565242058562006-10-05T17:09:00.000-04:002006-10-05T17:09:00.000-04:00Son, I understand economics; oil prices fluctuate ...Son, I understand economics; oil prices fluctuate for lots of reasons: speculation, surges in demand, sudden gluts or drops in supply. But Bob Woodward claims that in 2004, Bush thanked the Saudis for flooding the market to drive the oil price down. Either it's true or Woodward made it up or was misinformed. What do you think?<BR/><BR/>Further, oil prices were in a state of free fall in the 1992 Tom Philpotthttps://www.blogger.com/profile/12628086253733653673noreply@blogger.comtag:blogger.com,1999:blog-16691733.post-1160075369738163772006-10-05T15:09:00.000-04:002006-10-05T15:09:00.000-04:00Tom: Are you any more supportive of me and Christo...Tom: Are you any more supportive of me and Christopher Hitchens' views on Iraq, given that we are as intellectually diligent as you and Nadir?Paul Huehttps://www.blogger.com/profile/01276182482853030605noreply@blogger.comtag:blogger.com,1999:blog-16691733.post-1160074254452896442006-10-05T14:50:00.000-04:002006-10-05T14:50:00.000-04:00Can you guys please get settle on one conspiracy: ...Can you guys please get settle on one conspiracy: <BR/><BR/>1) Bush invaded Iraq to obtain cheap oil to keep the US economy and repo votes flowing;<BR/><BR/>or<BR/><BR/>2) Bush invaded Iraq to jack up oil prices to boost profits for Saudis and Exxon?<BR/><BR/>WHICH IS IT? Both?Paul Huehttps://www.blogger.com/profile/01276182482853030605noreply@blogger.comtag:blogger.com,1999:blog-16691733.post-1160074007650999402006-10-05T14:46:00.000-04:002006-10-05T14:46:00.000-04:001. And you would 100% support Bush despite this if...1. And you would 100% support Bush despite this if he only adopted policies that you liked. <BR/><BR/>2. If the Saudis flooded the oil market for Bush II in 2004, why didn't they do so for Bush I in 1992? Why did Clinton enjoy the lowest oil prices of all time during his stretch? I think that you and Nadir have lots to learn about real economics. As far as conspiracies are concerned, many mighty Paul Huehttps://www.blogger.com/profile/01276182482853030605noreply@blogger.com