Saudi foreign minister says ‘we will maintain our oil market share’

7 Comments on "Saudi foreign minister says ‘we will maintain our oil market share’"

Anonymous on Sat, 5th Mar 2016 4:44 pm 



IoW, the uS puppet would rather sell the same amount of oil, for far less money, then sell less(of a steadily declining resource I might add) for a lot more money. I guess no one told the sauds the world runs on oil and regardless of what ‘market share’ is at any given moment in time, Arabian oil will always be in demand.IoW, they can sell that oil now and take a big hit, or they can sell it in the future for a lot more. Maybe the sauds think that someone down the road will invent a machine to scoop all the co2 and Nox from all that burnt saudi oil floating around the atmosphere so they can resell it at a higher price? Who knows. The saudis know they are living on borrowed time when it comes to their declining oil reserves, so why they are so eager to keep selling it at such rock bottom prices is something few ‘commenters’ can be bothered to ask.

Of course, the ‘saudi’ public excuse about market-share, trying to wreck the american fraking industry(lol) etc, is just so much oily smoke. These ‘sauds’ are acting on behalf of the uS to try to punish Russia and Iran specifically in world oil markets. He then follows it up with his ‘market forces’ trope. Funny that, since he knows full well the oil market is totally rigged and run by Jew York, and London. The ‘market forces’ he talks about, dont exist. Unless by ‘market forces’ he meant to say , market manipulation, then that would be an accurate statement.

Its safe to assume, by market recovery, he means Russia will be forced to abandon Syria, paving the way for balkanization and permanent occupation by american corporate mercenaries, and or the uS will overthrow Iran’s govt via its USlamic state proxies, or something along those lines.

GregT on Sat, 5th Mar 2016 5:30 pm 



“IoW, the uS puppet would rather sell the same amount of oil, for far less money, then sell less(of a steadily declining resource I might add) for a lot more money.”

As has been pointed out by many here for over a year now. If oil prices dropped due to a global ~ ‘1 million bpd oversupply’, then why would the Saudis not cut production by 10% to drive prices back up over 300%? Makes absolutely no sense what-so-ever. I call bullshit.

I’m with you on this Anonymous. They took down the Soviet Union with much the same strategies. It’s going to backfire in a big way this time.

Anonymous on Sat, 5th Mar 2016 6:58 pm 



Aye, the cover story about ‘market share’ simply doesn’t add up-or any make sense at all. If Arabia exported only say, apples, or grapes, or crappy running shoes as their primary export, a price war (might) be justifiable if they felt it was the action to take. But its not-its oil. While price wars do occur from time to time in the economy, they are never the preferred course of action by suppliers. And price wars are usually of limited scope and duration-for obvious reasons. This so-called ‘market share price war’, is hurting *everyone* on the production side. So its fair to conclude, the real reasons for it have little to do with the ones the american punditocracy repeatedly state.

The only thing these articles kind of imply is, its pretty clear the uS and their Saudi puppets would love to see a true world energy monopoly. They dont like the idea of major producers, mainly Russia and Iran, Venezuela, possibly a few others, existing within the system, but also independent of it at the same time. This also helps explain, largely, the intense efforts by the american terror state to conquer Russia and Iran. Its not about ‘oil profits’, as much as oil control. They dont control Russia or Iran, or their oil. The zionists tried to take over Russia’s oil via khodorkovsky, but President Putin wisely jailed his zionist ass to let the uS know Russia’s oil did not belong to Exxon.

So now, its barely disguised war against Russia and Iran. But you will never learn any of it if all you get is blipverts from Rooters and American Propaganda(AP) like the one above. All the bloviating by sauds about ‘market share’, and market forces, is just an oily smokescreen.

geopressure on Sun, 6th Mar 2016 4:13 am 



GregT, the Saudis cannot cut production by 10%… If they started making such a cut, before they even reduced production by 0.5%, they US would have crashed their stock market, domestic economy, ruined their currency, & attacked all of the companies that the Saudi Sovern Wealth Fund owns to destroy the value of the fund. They would finance uprisings & coup plot against the royal family, blackmail them if the possibility existed, arrested any princes who happen to be outside of SA on erroneous charges… limited grain shipments so that there is not enough food to feed your people…

Actually, The U.S. Government has already executed ALL of the above extortion tactics against Saudi Arabia over the last 6 months because they refused to INCREASE Production after the King flew to Washington for meetings last Summer…

They are paying a HUGE price to defy the US & NOT INCREASE Production, if they actually cut production, the entire royal family would probably be dead by the end of the week…

joe on Sun, 6th Mar 2016 8:47 am 



One wonders what Obama told the Arabs when he made the Iran deal. Probobly somthing like ‘You can have your Isis’. Russia soon showed the US what happens to best laid plans, “you mess in my backyard, I will mess in yours”.
Now they know the US betrayed the Arabs, they are fighting smouldering disputes, any of which could spark core-Arabia into a horror not seen since maybe Pol Pot in Cambodia. We havent seen anything yet from militant Islam goys.

Boat on Sun, 6th Mar 2016 11:22 am 



Energy-intensive tar sands production in Canada that requires steam to liquefy and extract the oil is expected to increase by 9 percent in 2016, according to the Canadian National Energy Board. Yet the oil currently sells for less than the cost of production when transportation costs are figured in, according to a detailed analysis by RBN Energy LLC, an industry consulting firm.

http://insideclimatenews.org/news/23022016/tar-sands-becoming-worthless-production-rises-even-prices-plummet

Kenz300 on Mon, 7th Mar 2016 10:15 am 



Canadian tar sands……… loosing money and increasing production…….

How long can they hold out until they burn thru all the cash and go broke?