Oil crisis creating strange bedfellows

MANDEL NGAN/AFP/Getty Images Much has been made about the close ties between U.S. President George W. Bush and the ruling family of Saudi Arabia. But recent comments by Saudi King Abdullah regarding the recent rise of oil prices sound less like Bush and more like a certain other politician: The king spoke of the “selfish ...

594499_080624_abdullah5.jpg
594499_080624_abdullah5.jpg

MANDEL NGAN/AFP/Getty Images

MANDEL NGAN/AFP/Getty Images

Much has been made about the close ties between U.S. President George W. Bush and the ruling family of Saudi Arabia. But recent comments by Saudi King Abdullah regarding the recent rise of oil prices sound less like Bush and more like a certain other politician:

The king spoke of the “selfish interests” of speculators as a primary reason and urged the gathered ministers to “rule out biased rumors” and to “reach the real causes for the increase in price.”

Sound familiar?

For the past years, our energy policy in this country has been simply to let the special interests have their way — opening up loopholes for the oil companies and speculators so that they could reap record profits while the rest of us pay four dollars a gallon.”

That was Barack Obama on Sunday. It looks like even if the Democrats win in November, the White House and the House of Saud will still get along just fine.

Patrick Fitzgerald is a researcher at Foreign Policy.

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