Word: saudi
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...adviser to Saudi Arabia's Crown Prince Abdullah blamed high gas prices partly on the lack of U.S. refinery capacity. Are the Saudis correct...
...Chinese real estate market, for example, could stall growth and cause a sudden drop in oil prices. "People would be terrified [by such an economic slowdown]," says Jim Rogers, a prominent commodities investor. "But it wouldn't last." Politics can also create short-term volatility: trouble in Saudi Arabia or political instability in Venezuela, Russia or Iran would cause price fluctuations. So could speculators. Last week's $5-a-barrel price dip came thanks to profit taking in the market. "Hedge funds have been bailing out of their positions," says Bill Greehey, CEO of oil refiner Valero Energy...
Every two years since 1996--when 19 U.S. servicemen were killed and hundreds injured in the Khobar Towers bombing in Saudi Arabia, and the Department of Defense concluded it needed to acquire better protection for the troops--the Pentagon has invited hundreds of select private-security firms to display their state-of-the-art gear at the Marine Corps base in Quantico, Va. The three-day show, called the Force Protection and Equipment Demonstration (FPED), is unique in that the vendors have to put up or shut up: they have to prove that their products actually work as advertised...
...jealous type?" Jay Leno asked Laura Bush on the Tonight Show last week, just before he rolled tape of the President walking hand in hand with Crown Prince Abdullah of Saudi Arabia. The First Lady said she thought it was sweet. Most everyone else this side of Riyadh was appalled. "It was like fingernails scratching on a blackboard, magnified 10 million times," the religious conservative Gary Bauer told me. "You wonder if the folks at the White House have any idea of the impact an image like that has out in Middle America...
...have bleak long term prospects. The result is that oil-rich states develop a powerful, well-armed elite that can do whatever they please—which in the case of Burma, Sudan, and other states is generally an unpleasant mix of oppression, genocide, or warfare. Other states, like Saudi Arabia and other Middle Eastern countries, have successfully diverted the frustration of the populace into anti-western terrorism...