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MIR: Oil Is King

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Uploaded by on Nov 9, 2007

For more visit http://www.linktv.org
Mosaic Intelligence Report - November 9, 2007
Oil prices have inched closer to an all-time high of $100. Who is reaping the profits? And what is the King of Saudi Arabia doing in Europe?

The answers to these questions and more on LinkTV's Mosaic Intelligence
Report.

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News & Politics

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All Comments (15)

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  • The saudi family are just british agents!!

    Google in and you will find that Britian set them in power!

  • I did not even have to comment, you said everything I was just about to say. :)

  • Good for the US? You must be kidding!

  • Of course, I won't say any more since we are limited--unlike many other sites--to only a measly 500 words.

  • History will show Bush's venture into Iraq was the smartest and best thing anyone could have done for the national interests of the United States and its economic health, and it was intentional ---because he now virtually controls the largest reserve of oil in the world--and Saudi Arabia and Venezuela are getting to be a pain in the ass.

  • of course, and by then it'll be too late since they wouldn't have invested in infrastructure, education of women, environmentally sustainable economic growth, and most important of all, democracy.

  • The House of Saud and the House of Bush. God help us!

  • well said

  • Ofcourse oil is king and the king of Saudi Arbia is getting fatter and fatter with all the wealth he and his family have been stealing!

  • The Saudis like all oil producing countries are benefitting from rising oil prices including Russia which produces as much oil as the KSA. Oil prices are affected by a complex set of factors, both in the demand and supply side. The fall in Iraqi production wouldn't in the long run have made that much difference, after all there were strict limits on how they could sell the oil and spend the proceeds.

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