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Saudi Arabia Cuts Oil Production

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Uploaded by on Apr 18, 2011

From: http://video.foxnews.com/#/v/4650894/new-push-to-drill-domestically-as-saudis...

April 18, 2011 - Hornbeck Offshore Services CEO on drilling in Gulf, energy costs, OPEC.

FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 106A-117 of the U.S. Copyright Law.

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  • Hey, Neil, can you put a bigger frown on your face? I think that idiot is going to start crying thinking about filling up his SUV.

  • You will see the USA start up its own oil refineries in Florida, Louisiana, etc. only after oil prices hit the projected $200-$250 a barrel. Then you will understand the BP disaster and Katrina's levee failures plus all the subsequent evacuations of those areas, protected by military. Still blows my mind that some people believe that Iraq, Iran, Afganistan, Libya, etc. are terrorist states. Whom have they invaded illegally and plundered all the resources? No one!!! Only the west allies do that.

  • Oil prices are rising because 1) Wall Street speculation 2) Fed money printing (devalues dollar). There isn't less oil available. It's don't due to supply and demand but the Fed and Wall Street.

  • They'll never admit to peak oil, cause they'd have to admit that they knew about for decades but didn't report on it. There isn't enough oil left for squat, it's a flat out lie to cover their asses.

  • This was the elites ultimate goal, "see we brought gas back down to $3.50 a gallon" while charging the American citizen for THEIR OWN resource(s) oil. When they really should only be charging $ 0.75 per gallon.

    cheaper fuel, no shipping , finally tapping long protected resources, reg cuts, at higher prices, they are laughing at us.

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