Posts Tagged ‘Gulf States’

Arab oil and its destructive power on US economy

February 25, 2009

Arab oil and US economy

Arab oil and the US economical crisis

Manraaj Singh Editor Profit Hunter: ‘Arab Oil Wealth To Dwarf US Economy!’ [Apr 29, 2008] [1].

Walid Phares (Oct, 2008): ‘OPEC manufactured the financial meltdown’ [2].

Notorios businessman Donald Trump Blasted Oil Prices and OPEC July 30th, 2008 “Oil (costs) is what is killing the world’s economy,” Observers say if the U. S. would rattle its own domestic oil supply saber it would shock the market and costs would plummet. Oil experts say the U. S. could be free of Middle East imports in less than 3 years. [3], he blasted major oil producing countries for the current recession and accuses large oil companies of “doing a major number” on everyone. [4], it’s the price of oil that is to blame, OPEC and the Saudi Arabians [5], on Feb. 4, 2009: “As far as the economy is concerned, though, I’m afraid that if and when the economy does get going, you’ll have OPEC raise its ugly head and come out and just raise oil prices again and kill it, because I think that OPEC had a lot to do with the failing of the world economy.” [6].

US president Barack Obama in his speech on February 24, 2009 said: The fact is, our economy did not fall into decline overnight. Nor did all of our problems begin when the housing market collapsed or the stock market sank. We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before. [7].

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Donald Trump blames Arab Oil for World Economic Crisis

February 6, 2009
Donald Trump blames Arab Oil for the world crisis
 
Trump: There’s Too Much Oil
newsmax.com ^ | July 29, 2008 | staff

Real estate mogul Donald Trump says there is way too much oil in the world
to justify the current high market prices. “Frankly, I hear there are tankers
all over the world that are loaded up to the gills with oil,” he told CNBC.
“They have so much oil they don’t know what to do with it. It’s ridiculous
what’s going on with OPEC and all of that.” Trump blames major oil producing
countries for the current recession and accuses large oil companies of “doing a
major number” on everyone. Trump lauds the recent dips in the price of oil,…
http://moneynews.newsmax.com/streettalk/oil/2008/07/29/117281.html

 
Donald Trump Says – it’s the price of oil that is to blame by Ruth …Sep
29, 2008 … He said now the price of oil will plunge – possibly back down to a
possible … Trump blames the downturn on OPEC and the Saudi Arabians.
http://www.gather.com/viewArticle.jsp?grpId=-1&articleId=281474977462847
 
As far as the economy is concerned, though, Larry, I’m afraid that if and
when the economy does get going, you’ll have OPEC raise its ugly head and come
out and just raise oil prices again and kill it, because I think that OPEC had a
lot to do with the failing of the world economy. (Feb. 4, 2009)
http://transcripts.cnn.com/TRANSCRIPTS/0902/04/lkl.01.html/04/lkl.01.html
 

One moderate Arab vs Arabism’s racism

October 7, 2008

One moderate Arab vs Arabism’s racism

‘Arabs, Israel should sit together,’ says Bahrain minister
Web posted at: 10/2/2008 1:35:54
Source ::: AFP

dubai • The foreign minister of staunch US ally Bahrain has called for the creation of a regional grouping of Arab states with historic foe Israel, as well as Iran and Turkey, a newspaper reported yesterday.

“Israel, Iran, Turkey and Arab states should sit together in one organisation,” Sheikh Khaled bin Ahmad Al Khalifa was quoted in the pan-Arab daily Al Hayat as saying.

“Aren’t we all members of a global organisation called the United Nations? Why not (come together) on a regional basis? This is the only way to solve our problems. There’s no other way to solve them, now or in 200 years.”

Al Hayat, which interviewed the Bahraini chief diplomat in New York, said he had proposed the establishment of a regional bloc in a speech to the UN General Assembly.

Bahrain’s crown prince, Sheikh Salman bin Hamad Al Khalifa, met Israeli officials during World Economic Forum summits in 2000 and 2003, while Sheikh Khaled met Israeli counterpart Tzipi Livni at the UN last year.

But political groupings in Bahrain, which is ruled by a Sunni dynasty and has a Shia majority, resist any attempt at normalisation of ties with Israel.

“Why don’t we sit together even if we disagree, even if we don’t recognise each other? Let’s be in a single organisation in order to overcome the difficult stage through which the Middle East is passing — a stage that remains hostage to the past,” Sheikh Khaled told Al Hayat, referring to the decades-old Arab-Israeli conflict.
http://thepeninsulaqatar.com/Display_news.asp?section=World_News&month=October2008&file=World_News2008100213554.xml

The Arabism’s Racism reaction

Bahrain activists slam call for grouping of Arabs, Israel
by AFPThis email address is being protected from spam bots, you need Javascript enabled to view it on Friday, 03 October 2008
PLAN SLAMMED: Lawmakers and opposition activists in Bahrain have slammed foreign minister Sheikh Khaled bin Ahmad Al-Khalifa (pictured) for calling for a regional bloc. (AFP)

Lawmakers and opposition activists in Bahrain on Thursday slammed the foreign minister of the Gulf state, a staunch US ally, after he called for a regional grouping of Arabs and historic foe Israel.
http://www.arabianbusiness.com/532958

July 22, 2008

McCain: Will end dependence on foreign [Arab] oil – (our $700 billion a year to Muslims that hate us)

necn ^ July 21, 2008

 McCain: Will end dependence on foreign oil (NECN: South Portland, Maine) – Senator John McCain attended a picnic at the Maine Military Museum in South Portland, Maine on Monday. “Everybody here knows what has happened to a gallon of gas, our lowest income Americans are hurting the most, some of them can’t even get to work,” said the Republican presidential candidate. “We are sending $700 billion a year to countries that don’t like us very much and some of that money ends up in the hands of terrorist organizations. I will end this dependence on foreign oil,” said McCain. http://www.necn.com/category/32/13787

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