First the Obama Peace Prize, now this headline:

Saudis ask for aid if world cuts dependence on oil

There are plenty of needy countries at the U.N. climate talks in Bangkok that make the case they need financial assistance to adapt to the impacts of global warming. Then there are the Saudis.

Saudi Arabia has led a quiet campaign during these and other negotiations — demanding behind closed doors that oil-producing nations get special financial assistance if a new climate pact calls for substantial reductions in the use of fossil fuels . . .

“We are among the economically vulnerable countries,” Al Sabban told The Associated Press on the sidelines of the talks ahead of negotiations in Copenhagen in December for a treaty to replace the Kyoto Protocol, which expires in 2012.”This is very serious for us,” he continued. “We are in the process of diversifying our economy but this will take a long time. We don’t have too many resources.”

Saudi Arabia, which sits atop the world’s largest proven oil reserves, is seeing economic growth slide because of fallout from the global meltdown, but experts still expect the country, flush with cash from oil’s earlier price spike last year, to be better able than other nations to cope with the current crisis.”

Seriously — is someone pulling our collective legs?

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

28 Responses to “Is Today April Fools Day?”

  1. VennData says:

    Global tax on alcohol. A buck a bottle: beer, spirits, everything. That money should go to a trust to take care of the Saudi people who we have caused to be come hapless wards of their state.

  2. SINGER says:

    please stop posting on these topics, otherwise I will stop coming to your site…

    We are getting pretty surreal here… The most surreal thing which seems not to have gotten much traction was the story re: Ahmedinejad…

    Dude, Ahmedinejad is f**kin Jewish!!!!! That is literally insane… I can’t believe he hasn’t been ridiculed to the point of suicide already… This should be on the cover of every paper till he off’s himself…

  3. catman says:

    Perhaps they could take over the publication of The Onion.

  4. Vermont Trader says:

    I always thought

    “bankers ask for taxpayer bailout after plan to enslave them through subprime lending failed”

    was a little silly too…

  5. Greg0658 says:

    Singer lighten up .. this is the best laugh I’ve had in over a month .. nearly ROTFLOL :-)

  6. beaufou says:

    SINGER

    The jewish thing and Ahmedinejad is a classic case in Iran, everytime one side tries to discredit the other they start calling each other jews; it is Anti semitism in essence.
    I can’t understand the Telegraph fell for it.

  7. beaufou says:

    Vermont Trader
    Exactly.

  8. SINGER says:

    @greg

    dude, i’m kidding!

    a guy who commented on the Obama Nobel Prize thread tried to tell BR what to post and threatened not to read the blog and got smacked down by BR…

    @beaufou

    are you saying the Ahmedtoolijad’s parents didn’t convert from Judaism to Islam?

  9. beaufou says:

    SINGER
    I’m saying the information published by the Telegraph was incomplete and nobody jumped on it because it smells like BS.
    I guess we may hear about it again, but further research is needed.

    http://www.lepoint.fr/actualites-monde/2009-10-05/iran-ahmadinejad-serait-d-origine-juive-selon-un-journal-britannique/924/0/382776
    “The affirmation of the British newspaper, that the Sabourjian are traditionally from Aradan, the native village of Ahmadinejad, is “inconclusive and non-sourced,” analyzes a French specialist on Iran, questioned by lepoint.fr. “It is fashionable in Iran to say that someone is of Jewish descent. This is said to discredit important people. All this is rooted in a latent anti-Semitism. I know Aradan, the farming village of origin of the father of Ahmadinejad. To my knowledge there is no Jewish population in this village near the town of Garmsar, 100 miles southeast of Tehran. But it should be checked.”

  10. bdg123 says:

    Most people don’t realize the crooks who keep the jack boot of tyranny on the people of Saudi Arabia, ie the Royal Family, (give me a f*cking break. Royal crooks) have run up gargantuan world debts over the last twenty years. Debts used to live the good life afforded them by their extravagant lifestyles and embrace of western culture all while they espouse radical Hitler-eque propaganda of repressive human rights and lifestyles of abstinence for the poor slobs unlucky enough to be born in that country. Saudi Arabia is one of the most debt-levered countries on earth. I have been stating for years the oil fiefdoms are going DOWN when oil collapses. And it will.

    Reminds me of Tony Bennett

    Ahhh the good life, full of fun seems to be the ideal……….Well, just wake up and kiss the good life (and your arse) good bye………….

  11. maybe, the funny thing is that if ‘we’ never concocted the Petro$-regime, post ’71, in the first place, the Saudis would never have had to feel the ‘need’ to be weaned from it..

    http://tonto.eia.doe.gov/dnav/ng/hist/n9140us2a.htm

    nice flat-lining, beginning ~early ’70′s

    correlation does not = causation?

  12. Greg0658 says:

    Singer sorry didn’t see the other thread 1st .. glad this isn’t strike #2

    on this Ahmadinejad not believing the Holocaust happened … imo he may be questioning reasons (if I understood his language and could translate myself) .. not that it didn’t happen .. funny this www and the tidbits that fly around * (& faked photos) (how could anyone think Holocaust photos were faked)(it would be hard to fake them with that clarity today) .. who knows what to believe (when controlling minds is the utmost importance)

    * – generally in a sentence – “world re-order to re-group for tales to become truths” – I’ve heard this hour worth of mp3 .. google EinsteinAndZionism ChristopherJonBjerknes

    ps – Fort Benning, GA to The Gulf of Mexico is 1/3 westward around the globe and about the same land mass … game?
    (beach-front is south instead to the west)

  13. going broke says:

    This is too much, what’s the next headlines? …NASA saying they discovered oil and gold and on the moon.

  14. km4 says:

    > Seriously — is someone pulling our collective legs?
    Yes the middle one;)

  15. Niskyboy says:

    If you think we’ve experienced animosity from Arabs so far, then just wait and see what happens when we stop giving them money.

  16. PrahaPartizan says:

    Any chance the Saudis would consider letting the consuming nations help set the price for their product as part of the package, not just keeping OPEC a “suppliers only” club? I didn’t think so. Go pound sand.

  17. dougc says:

    We don’t have many resources…… They have significantly more than Japan…….

  18. Wait a minute. What happened to their 10,000 trillion dollar sovereign wealth fund?

  19. Mannwich says:

    Haven’t we already done enough for them by bailing out the Prince’s “investment” in Citi?

  20. Darkness says:

    Who do the Saudis think they are Bank of America and Citigroup??

  21. SINGER says:

    @ Greg…

    I was talking about that rumor that Ahmedinejad’s parents converted to islam from Judaism… Who knows why he denies that all those Jews died in Europe in the late 30′s and 40′s…

  22. PithyDog says:

    Nauseating.
    However,
    He’s in super company after all. . .

    Arafat
    Gore
    Carter

  23. investorinpa says:

    They can call this oil producing country aid package Bailouts For Barons…or Operation Increase Loans (OIL)….or SAUDI: Securing Assitance & Unlimited Dollar Income….yuk yuk yuk…I’ll be here all week folks…

  24. jeffg says:

    If Goldman Sachs can get a bailout, why not the Saudi’s? Three years ago, that would have been funny, but what’s another “deserving soul” in line for bailouts and aid among the “cast of thousands”?

  25. wunsacon says:

    Those latter two were pretty good. Right, Pithy?

  26. wunsacon says:

    Singer, other folks are trying to tell you — perhaps in a manner not sufficiently obvious — that the rumour of Ahma-denier-jad’s heritage is untrue. (I’ve read very little and have nothing to add other than that attempt at clarification.)

  27. Pete from CA says:

    I think the Saudis believe that they have been an ally of the West, or at least the US, for some time and hence deserve a little something in exchange.

  28. Pat G. says:

    Your next book: Bailout World.