Saudis Seek Payments for Drop in Oil Revenues

Fri, Oct 16, 2009

News, economy

Saudis Seek Payments for Drop in Oil Revenues

Truly amazing.

“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.”

“It is like the tobacco industry asking for compensation for lost revenues as a part of a settlement to address the health risks of smoking” – via nytimes.com

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