Obama: ‘We Are the Saudi Arabia of Oil’

by on September 3, 2008 14
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Obama is speaking right now about energy policy–intelligently, forcefully–at a  rally in Ohio.

The Republicans are talking about Sarah Palin's relationship with Bristol Palin and the father of Bristol's child

Landslide.

About Philip Weiss

Philip Weiss is Founder and Co-Editor of Mondoweiss.net.
Posted in US Politics

{ 14 comments... read them below or add one }

  1. morris says:
    September 3, 2008 at 2:05 pm

    Don't you mean the Jews are talking about Palin's family? It seems she once supported Buchanan, and he was anti Jewish. I hope her family isn't being attacked because of this.
    I wish everyone a happy family, and that it is not used for political gain or slurs.

    I have posted videos of the Ron Paul convention from yesterday, where both the Democrats and the Republicans were sidelined. And people actually had something to say!

    http://morris108.wordpress.com/2008/09/03/video-ron-paul-at-yesterdays-campaign-for-liberty/

  2. MM says:
    September 3, 2008 at 2:22 pm

    "We are the Saudi Arabia of oil" doesn't even come close.

    The U.S. uses 1/4 of the world's petroleum.

    Its per capita energy use is more than two times greater than the next runner up.

    I don't even see how the Obama statement remotely makes sense. The Saudi Arabia of oil. Isn't that Saudi Arabia?

    But yeah there goes Barack, he's so good at telling people inconvenient truths — or he will be, once he's in office. Then he's going to buck the Lobby and the Pentagon, tax all energy, etc.

    Right.

  3. Duscany says:
    September 3, 2008 at 2:33 pm

    The mainstream media is just frantic with disbelief (and barely concealed rage) that McCain would pick Sarah Plain. This morning the LA Times ran two negative front page stories and four unfavorable columns/opinion pieces on Palin.

    They have reason to worry. This evening Sarah Palin will deliver a speech which will electrify Republicans, appall Democrats and have the mainstream concluding that "McCain just lost the election tonight."

    But change is in the air. If it's true, as Phil has reorted that Palin spent yesterday pandering to AIPAC, editors will lay down the law and the medica coverage of her will suddenly become a lot more balanced. The New York Times will conclude that Palin is a "surprisingly impressive" candidate and point out that she has approximately the same qualifications as John F. Kennedy did in 1956 when he first ran for vice-president. A columnist will call McCain "the silver fox."

  4. Richard Witty says:
    September 3, 2008 at 3:57 pm

    And JFK lost in 56.

  5. the Sword of Gideon says:
    September 3, 2008 at 4:58 pm

    Actually JKK never got that far. It was Kefauver.

  6. Arie Brand says:
    September 3, 2008 at 8:11 pm

    And what will the press make of the tidbit that Palin once attended a church service in which Arab violence against Israelis was depicted as God's just punishment for the Jewish refusal to accept Jesus?

    Will this get the Wright-treatment?

  7. John Dickerson says:
    September 3, 2008 at 8:21 pm

    I believe Obama is saying that we have as many energy resources (oil, gas, coal, nuclear – plus the largely untapped solar, wind, renewable etc) as Saudi Arabia has oil.

  8. Madrid says:
    September 3, 2008 at 9:13 pm

    Obama would be greivously wrong on that point. No country has per capita the amount of energy resources that SA has– the US has already shot its wad, so to speak, energy wise.Brazil and Russia have the largest untapped resources, but per capita they are not as large as SA.

    As for us, we burned up most of our resources, with the exception of coal, before 1973. Much of the natural gas was simply burned off in the 1920s and 30s because they did not yet know how to transport it in order to utilize it.

  9. Committee for Accuracy says:
    September 3, 2008 at 10:52 pm

    Madrid is right. It's not often reported that for most of the twentieth century America was the world's OPEC — we controlled the bulk of global petroleum reserves. We peaked out in the early 70s and production has been declining ever since. Offshore drilling can create no more than a blip in this trend.

  10. Duscany says:
    September 4, 2008 at 12:41 am

    "The Republicans are talking about Sarah Palin's relationship with Bristol Palin and the father of Bristol's child

    Landslide."

    The reason Republicans are talking about Sarah Palin's pregnant daughter is that the mainstream media wrote about 15,000 stories on the subject, after the Daily Kos called Sarah Plain a "liar" for pretending Trig was her own child, and not that of Bristol.

    Do you think Palin wants to be talking about her pregnant daughter? The media forced her into it.

  11. Duscany says:
    September 4, 2008 at 12:47 am

    "And JFK lost in 56."

    Yes he did. He wasn't ready for the job. He still wasn't ready in 1960 either. Otherwise he wouldn't have let Krushchev push him around like like he did the first time they met.

  12. Madrid says:
    September 4, 2008 at 3:16 am

    Renewables are not going to replace fossil fuels. The problem that the West faces is that, with the exception of Canada, the West has no more liquid or gas fossil fuels.

    If I had to pick two countries that are going to be relatively well off in 15 years, they would be Russia and Brazil, in that order.

    Russia is going to be controlling Europe whether we like it or not, in 15 years.

    If you are looking for a good stock play for the next 10 years, consider PBR. It may bounce around for a few more months, but over the long term, and so long as Brazil doesn't nationalize it (which is a real possibility), you could put 10 k in that stock and have 200k in 10 years. They have more untapped reserves than XOM COP and Chevron put together.

  13. Madrid says:
    September 4, 2008 at 3:20 am

    Moreover, outlook for Israel, energy-wise:

    not so good.

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