Fuck Them

Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to combat global warming, they should pay compensation to oil producers.

I suppose that compensation was also paid to hat-makers in the early 1960s or to buggy-whip makers 100 years ago.

Fuck them. They've had no compunction at trying to manipulate the world oil market to maximize their cash flow. If the world develops that there is a lessened demand for oil and the price of oil drops and their cash flow dries up, then screw them.

Saudi Arabia has been selling crude for decades and they have had shiploads of cash to play with for decades. They have used the money to fund a massive welfare state and a religious theocracy. The last time I checked, over a quarter of all Saudi college graduates majored in "Islamic Studies", which may be nourishing for their souls, but that degree is as useful as a major in Underwater Basket-Weaving. They have done very little to build a national economy that is based on anything other than pumping dead dinosaur juice. The idea that we should pay them extra to do what they should have been doing since the 1970s, at the latest, is galling in the extreme.

They'll find no sympathy on this blog.

(H/T)