Monday, July 7, 2008

News item: oil reaches $144 a barrel

"If bin Laden takes over and becomes king of Saudi Arabia, he’d turn off the tap," said Roger Diwan, a managing director of the Petroleum Finance Company, a consulting firm in Washington. "He said at one point that he wants oil to be $144 a barrel" — about six times what it sells for now.

NY Times, Oct. 14, 2001

4 comments:

Anonymous said...

That is fantastic. I think it is the first time oil has been under $150 a barrel in the last few years.

Smiff said...

Rupert Murdoch said before the war, "The greatest thing to come out of this for the world economy...would be $20 a barrel for oil. That's bigger than any tax cut in any country....arrrh, matey!" He buttressed this statement when he later said, "Once [Iraq] is behind us, the whole world will benefit from...arrgh...cheaper oil which will be a bigger stimulus than anything else...arrghhhhhh."

k-mad said...

Does this mean Blackwater is pocketing the extra $124 per barrel?

There are two hits on the Google for "America: soon to be the most irrelevant far-flung backwater in the al Qaeda caliphate," by the way.

Anonymous said...

Why does KO make me sound like a pirate? Does he have to have a signature sound, like Cheney with the wah? W with the heh-heh? Sarge with the yih? DJ & no problem? Smiff & ugh? French & surrender? Aaarghhh?