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US seeks 300 billion dlrs from Gulf states: report - Yahoo! News (http://news.yahoo.com/s/afp/20081120/bs_afp/financeeconomyusgulf_081120072928 - broken link)
snippet:
"The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait's daily Al-Seyassah reported Thursday.
Quoting "highly informed" sources, the daily said Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dollars, Qatar for 60 billion dollars and was seeking 40 billion dollars from Kuwait."
Location: Georgia, on the Florida line, right above Tallahassee
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Quote:
Originally Posted by HappyTexan
Does this imply we're broke ???
US seeks 300 billion dlrs from Gulf states: report - Yahoo! News (http://news.yahoo.com/s/afp/20081120/bs_afp/financeeconomyusgulf_081120072928 - broken link)
snippet:
"The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait's daily Al-Seyassah reported Thursday.
Quoting "highly informed" sources, the daily said Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dollars, Qatar for 60 billion dollars and was seeking 40 billion dollars from Kuwait."
I read something recently about Qatar being in a world of hurt.
people, you can be down on the ol' USA but realistically we have both a lot more eggs and a lot more baskets than the oil-empires -- this $48/bl makes us feel pretty giddy at the pump, but that throws a heap of panic into the guys at the other end of the crude-oil production chain! Stable prices help the mideast shift its people from the crazy tribes, foriegn contract workers & insanely riche leaders into an educated modern society. If they respond to low prices by racketing down petro production that will hurt the ability of the US and global economy to get back on track to productivity gains. The whole world is woven together into a fragile web of global trade. By asking the mideast states to participate in a system that lends stability to the financial system it helps to ensure they won't suddenly "close the tap" on oil.
Anybody remember gas lines from the 70's? Not a good way to help grow out of a recession...
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