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Pakistan expresses solidarity with Saudi Arabia after US charges on OPEC

LeGenD

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I do not see any discussion about the impact of Saudi decision on oil prices in Pakistan.

But our leaders are very eager to express solidarity with House of Saud.

Public is silent as usual. This country does not learns anything. Critical thinking is not our forte.
 

Bilal Khan (Quwa)

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Looks like the description "Army with a Country" fits even more appropriately for Pakistan than Prussia. A thread about something Biden said clumsily attracted some 50 or 100 pages of comments. But when Pakistan P.M. says, unprompted, we welcome bankruptcy to enrich our friend Saudi Arabia, it is considered mostly harmless.

To its credit, the Prussians at least had ambition and a work ethic to back it up. I'd rather Pakistan be like Prussia than whatever it is today.
 

Goritoes

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Hath paon mai dum nai, lakin hum kisi se kum nai lol Aquaat hai nai mun kholne ki... USA consulate se statement ati hai tu GHQ se Parliament tak sab ki gili ho jati hai lol
 

epebble

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To its credit, the Prussians at least had ambition and a work ethic to back it up. I'd rather Pakistan be like Prussia than whatever it is today.
That comparison to Prussia was first made when Bhutto made the statement: “We will eat grass, even go hungry, but we will get one of our own (bomb)". Sharif's statement has a similar ring to it. Self-abnegation is a peculiar policy of Pakistan.
 

nahtanbob

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I do not see any discussion about the impact of Saudi decision on oil prices in Pakistan.

But our leaders are very eager to express solidarity with House of Saud.

Public is silent as usual. This country does not learns anything. Critical thinking is not our forte.

that looks like an understatement
 

khansaheeb

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Yahoo Finance

The number of U.S. lawmakers vowing to ‘send a strong message to the Saudis’ is growing by the day​

Ben Werschkul
Ben Werschkul
·Washington Correspondent
Fri, October 14, 2022 at 11:38 AM·4 min read


Nearly every day this week, a new lawmaker has lined up behind the growing effort to codify into law a fundamental rethinking of the U.S. relationship with Saudi Arabia.
On Monday, Sen. Bob Menendez (D-NJ), the influential head of the Senate Foreign Relations Committee, released a statement calling for the US to “immediately freeze all aspects of our cooperation with Saudi Arabia.” Later in the week, Sen. Richard Blumenthal (D-CT) and Rep. Ro Khanna released a bill to temporarily halt U.S. arms sales to the kingdom.

That bill would “send a strong message to the Saudis as our country works to rebalance this one-sided relationship” lawmakers say.
WASHINGTON, DC - OCTOBER 12: Sen. Richard Blumenthal (D-CT) and Rep. Ro Khanna (C-CA) hold a news conference to discuss legislation that would temporarily halt U.S. arms sales to Saudi Arabia at the U.S. Capitol on October 12, 2022 in Washington, DC. Blumenthal and Khanna said the legislation is a reaction to Saudi Arabia agreeing with other OPEC countries to cut production of oil, which they say will help Russia in its war with Ukraine and make allies like the U.S. suffer at the gas pump.

Sen. Richard Blumenthal (D-CT) and Rep. Ro Khanna (D-CA) held a news conference Wednesday to discuss legislation that would temporarily halt U.S. arms sales to Saudi Arabia. (Chip Somodevilla/Getty Images)
The agitation for action comes after OPEC+ - led by Saudi Arabia - announced oil production cuts on Oct. 4 while Congress notably isn’t in session. Most lawmakers are currently at home focused on the looming midterm elections.
As Ole Hansen, Saxo Bank Head of Commodity Strategy, said recently on Yahoo Finance about the U.S. and international positioning “we are seeing politics playing a greater part in this oil market” right now as players are “still trying to work out what really happened last week in the OPEC+ meeting.”
While lawmakers aren’t scheduled to return to Washington until Nov. 14, action from the White House might come sooner with President Biden saying in a CNN interview this week “there will be consequences” for Saudi Arabia. On Thursday Biden teased some sort of White House action on gas prices in the coming days, though it’s unclear if next week’s move will concern Saudi Arabia directly.
White House Council of Economic Advisers member Jared Bernstein underlined the point in a Yahoo Finance Live interview Thursday saying “we have to do more, especially in the light of this misguided and, I think, a very wrong-headed decision by OPEC+.”

A range of ideas for action

Back on Capitol Hill, the list of lawmakers prodding for action has grown.
Additional calls in recent days have come from figures like Sen. Chris Murphy (D-CT), Sen. Bernie Sanders (I-VT), Rep. Tom Malinowski (D-NJ), and more. Malinowski is leading their own effort to mandate the removal of U.S. troops and missile defense systems from Saudi Arabia as well as from the United Arab Emirates.

Notably missing from the debate circling after Saudi Arabia are prominent Republican cosponsors (so far at least). In one of his only comments on the issue, Senate Minority Leader Mitch McConnell (R-KY) sent out a press release criticizing Democrats who are raising the issue for having “voted to strangle American oil and gas production at every single opportunity over the last two years.”
Oil analyst Frank Macchiarola of the American Petroleum Institute recently underlined that perspective, telling Yahoo Finance that a lesson from recent weeks is “how important it is to produce energy here in the United States, and not have to rely on foreign countries, like the OPEC+ nations, for our energy.”
Another idea receiving renewed consideration in recent weeks is a bipartisan bill that has bounced around Congress for years dubbed “NOPEC” which advanced in the Senate earlier this year. The bill would remove sovereign immunity and authorize the Justice Department to bring suits against Saudi Arabia and other members of OPEC+ for antitrust violations.
Last week a prominent Republican backer of that effort, Sen. Chuck Grassley (R-IA) pushed for renewed consideration. Capitol Hill leaders are hoping to merge the ideas together into a cohesive bill that can be enacted this winter.

Biden ‘looks forward to engaging the Congress when they return’

Meanwhile the price of crude oil - after shooting up on OPEC's announcement - has fallen in recent days. Some energy analysts say that many OPEC nations were producing below their quotas before last week's announcement, so the impact might be less than initially feared.
 

LeGenD

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Biden ‘looks forward to engaging the Congress when they return’

Meanwhile the price of crude oil - after shooting up on OPEC's announcement - has fallen in recent days. Some energy analysts say that many OPEC nations were producing below their quotas before last week's announcement, so the impact might be less than initially feared.
Because US is increasing oil production to mitigate global impact of Saudi oil production cut.

 

Beast

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Saudis are fleecing you in billions in higher oil prices. All you can do is express solidarity
I think Saudi has promised of bailout. In case of any Pakistan default. Can USA promise any country to country loan for Pakistan? No... They will just ask u go IMF.
 

epebble

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I think Saudi has promised of bailout. In case of any Pakistan default. Can USA promise any country to country loan for Pakistan? No... They will just ask u go IMF.
Any precedent for any country bailing out any other major country in the last 30 years?
 

Beast

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Any precedent for any country bailing out any other major country in the last 30 years?
Saudi has been bailing Pakistan for many years. If not, it's the Chinese. So I don't know what u r taking.

You think Pakistan is stupid to ask for high oil price and support blindly? Obviously, of cos from Saudi assurance.

While it's US who always ask other to do their bidding while with zero monetary promise in return becos they think they are mighty USA. Do service for USA is a mighty honour. No need payback. Lol..

Only country with no honor, no backbone will do US bidding. Australia is sick of being continue fool by USA. That is why they kick Morrison out and choose Albanese who is more looking out for the interest of Australia.
 

epebble

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Saudi has been bailing Pakistan for many years. If not, it's the Chinese. So I don't know what u r taking.

You think Pakistan is stupid to ask for high oil price and support blindly? Obviously, of cos from Saudi assurance.

While it's US who always ask other to do their bidding while with zero monetary promise in return becos they think they are mighty USA. Do service for USA is a mighty honour. No need payback. Lol..

Only country with no honor, no backbone will do US bidding. Australia is sick of being continue fool by USA. That is why they kick Morrison out and choose Albanese who is more looking out for the interest of Australia.
So, you are confidant Saudi Arabia (or China) will bail out Pakistan in 2023? No repeat of Sri Lanka? That will bring them a lot of peace of mind. They can sleep well at night. One question: Why does their finance minister and Army chief make many trips to USA and not Saudi Arabia or China? The finance minister had 56 meetings last week.
 

Beast

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So, you are confidant Saudi Arabia (or China) will bail out Pakistan in 2023? No repeat of Sri Lanka? That will bring them a lot of peace of mind. They can sleep well at night. One question: Why does their finance minister and Army chief make many trips to USA and not Saudi Arabia or China? The finance minister had 56 meetings last week.
If one trip is enough to get monetary assurance, why need 56 trips?

You didn't know USA is a cheapskate who ask other to obey them without paying?

At least Saudi did paid since they have the money than beggar USA.

China this time will not bail out Pakistan becos Bajwa collaborate with USA. This left Saudi only.
 

Ghessan

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bring a man with balls of steel to be your premier, even he will cringe.

this is not about a position that a premier can take, it is about position that Pakistan can't take. brought it down to the knees and people here thump the chest? we can only blink the eye and that is all.

let's take another position: when US point figure at you after this statement, watch same people falling to their boots. and it is not about current regime. every coming regime will do the same or face consequences.

we cannot even make the house correct, it is institutions and which again takes another position, the people running those institutions to make the house correct.
 

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