You’ve got to be kidding
Posted October 8, 2009 at 1:15 pm 
Filed in: Energy Demand, Energy Security, Energy Supply, National Security, Oil Dependence The headline in this afternoon’s Greenwire (http://www.eenews.net/Greenwire/2009/10/08/5/) reads: “Saudis want aid if world cuts need for oil”
Normally, we’d spend a few minute snarking incredulously on that headline alone, before moving on to the comical quotes in the article itself. Today, however, we simply commend the below excerpted piece to you. Feel free to snark among yourselves.
“Saudi Arabia has been waging a quiet campaign to secure financial assistance for major oil producers if a global climate bill to slash greenhouse gas pollution ends up cutting into oil revenues.
“The country that controls the world’s largest proven oil reserve said it stands to lose about $19 billion a year beginning in 2012 under a new global pact, according to a calculation by the Organization of Petroleum Exporting Countries.
“But those calculations were disputed in a report this week by the International Energy Agency that found that even with an international climate agreement, OPEC revenues would still rise $23 trillion between 2008 and 2030, a four-fold increase over growth between 1985 and 2007.
“We are among the economically vulnerable countries,” Mohammad S. Al Sabban, head of the Saudi delegation, said on the sidelines of talks this week in Bangkok. “We are in the process of diversifying our economy but this will take a long time. We don’t have too many resources.”
Al Sabban said Western nations are pursuing a policy against oil producers cloaked as a campaign to save the planet (Michael Casey, AP/Yahoo News, Oct. 8).
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