Saudis Call for Summit with Oil Producers and Consumers

June 12, 2008 / No Comments

Saudi Arabia is calling for a summit between oil producing countries and consumer states, where the main topic going to be, soaring energy prices. The Saudis promised that along with OPEC they will “guarantee the availability of oil supplies now and in the future”.

jaguar xj6 fuelling Saudis Call for Summit with Oil Producers and Consumers

Gosh, thanks fellows. You will keep gouging the rest of the world as long as they will pay for it, right? How kind of you.

The kingdom also promised there will be no “unwarranted and unnatural oil price hikes that could affect international economies, especially those of developing countries”. Exactly how not-affected are these developing countries when oil hits record price of $139 per barrel? Do we look stupid, that’s why you’re making fun of us?

One more thing the Saudi minister said “there is no justification for the current rise in prices”, but they still make a killing off the rest of it.

I know how to solve the high oil prices. Stop buying the stuff!!

The reason we get charged so much is because people will pay for it. It’s the market laws that says when the demand is high prices soar so better stop buying it and the price will probably go down. However, the best way would be to use alternative power sources. If OPEC realizes we do NOT need them, they’ll come around.

That’s what GreenPacks is all about – there are other ways.

Original image by anachronist