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http://www.msnbc.msn.com/id/24298840/
Senators want oil linked to arms deal
Groups want arms sales halt unless Gulf producers pump more petroleum
Isn't the reason we even give weapons to the states so that they can lend a hand in protecting our oil interests? And still their cartel limits production and takes advantage of high crude prices. I know much of the oil pricing stems from speculators and refinery capacity constraints, but every little bit would help.
Honestly, I see the wisdom in this plan. Downside is it sets the precedent that Dems may not like - deals with foreign nations are tit-for-tat, maybe even when it comes to charitable aid as well.
The article did cite some other plans to alleviate gas pains ( ) but unless those are attached as riders to some other bill, I have no comment.
Senators want oil linked to arms deal
Groups want arms sales halt unless Gulf producers pump more petroleum
In a letter to Bush, the senators noted that Saudi Arabia has dropped oil production by about 2 million barrels a day over the last three years as oil prices have soared well over $100 a barrel. Its current production of 8.5 million barrels a day is well below its stated capacity of 11 million barrels a day, the senators said."At a time when high energy prices are causing widespread anxiety among American households, we question the merit of rewarding members of OPEC with lucrative arms sales," the senators wrote.
"The Saudis have to understand that this is a two-way street," Sen. Charles Schumer, D-N.Y., said at a news conference. "We provide them weapons ... and then they rake us over the coals when it comes to oil."
At issue are administration plans to supply Saudi Arabia with $123 million worth of sophisticated precision-guided bomb technology as well as shipments of Patriot missile defense equipment worth $9.7 billion to the United Arab Emirates and a $1.7 billion deal with Kuwait to upgrade their missile systems.
Isn't the reason we even give weapons to the states so that they can lend a hand in protecting our oil interests? And still their cartel limits production and takes advantage of high crude prices. I know much of the oil pricing stems from speculators and refinery capacity constraints, but every little bit would help.
Honestly, I see the wisdom in this plan. Downside is it sets the precedent that Dems may not like - deals with foreign nations are tit-for-tat, maybe even when it comes to charitable aid as well.
The article did cite some other plans to alleviate gas pains ( ) but unless those are attached as riders to some other bill, I have no comment.