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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (186076)4/5/2004 12:57:14 PM
From: tejek  Read Replies (1) of 1575429
 
And the problem is not just economic, it's political and strategic. They have us by the balls. We are being forced to fight oil wars, and with the mess we've whipped up in the ME, there is a significant risk that oil flow from the region could be interrupted by unforeseen events, at a moments notice.


John,

I can't remember if I posted it last nite or only saw it on the news but the Saudi ambassador to DC is telling us that our increasing gas prices are our own fault and have little to do with the price of crude. He stated that the US has not built a new refinery in 20 years, and consequently, not enough gas is being refined to cover demand.

Aside from being true to an extent although the rising price of crude does have an impact, the Saudis essentially are saying fukk you and stop your whining. Definitely, a major attitude change from just two years ago and any help they used to give in keeping oil prices down has gone out the window.

Its another wake up call that we will ignore to our own detriment.

ted
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