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Saudi King Abdullah dies

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  • Saudi King Abdullah dies

    By Angus McDowall RIYADH (Reuters) - Saudi Arabia's King Abdullah died early on Friday and his brother Salman became king, the royal court in the world's top oil exporter and birthplace of Islam said in a statement carried by state television. King Salman has named his half-brother Muqrin as his crown prince and heir. "His Highness Salman bin Abdulaziz Al Saud and all members of the family and the nation mourn the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, who passed away at exactly 1 a.m. this morning," said the statement. Abdullah, thought to have been born in 1923, had ruled Saudi Arabia as king since 2006, but had run the country as de facto regent for a decade before that after his predecessor King Fahd suffered a debilitating stroke.


    RIYADH (Reuters) - Saudi Arabia's King Abdullah has died, state television reported early on Friday and his brother Salman became king, it said in a statement attributed to Salman.

    King Salman has called on the family's Allegiance Council to pay allegiance to Muqrin as his crown prince and heir.

    "His Highness Salman bin Abdulaziz Al Saud and all members of the family and the nation mourn the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, who passed away at exactly 1 a.m. this morning," said the statement.

    Abdullah, thought to have been born in 1923, had ruled Saudi Arabia as king since 2006, but had run the country as de facto regent for a decade before that after his predecessor King Fahd suffered a debilitating stroke.

    King Salman, thought to be 79, has been crown prince and defense minister since 2012. He was governor of Riyadh province for five decades before that.

    By immediately appointing Muqrin as his heir, subject to the approval of a family Allegiance Council, Salman has moved to avert widespread speculation about the immediate path of the royal succession in the world's top oil exporter.

  • #2
    Hopefully he releases some strategic reserves as his bro longed for $20/bbl.

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    • #3
      Originally posted by Sean88gt View Post
      Hopefully he releases some strategic reserves as his bro longed for $20/bbl.
      Hopefully?
      ازدهار رأسه برعشيت

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      • #4
        Originally posted by matts5.0 View Post
        Hopefully?
        Yep, want my $1/gal gas.

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        • #5
          Originally posted by Sean88gt View Post
          Yep, want my $1/gal gas.
          God damn right.
          sigpic

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          • #6
            Hopefully oil goes to $150/bbl now.

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            • #7
              Originally posted by Sean88gt View Post
              Hopefully he releases some strategic reserves as his bro longed for $20/bbl.
              Originally posted by Trip McNeely View Post
              Hopefully oil goes to $150/bbl now.
              FREE is always better

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              • #8
                Originally posted by Trip McNeely View Post
                Hopefully oil goes to $150/bbl now.
                Fuck that god damn bullshit. Fucking communist!
                sigpic

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                • #9
                  Can't wait to see all the gold at the funeral.
                  "When the people find that they can vote themselves money, that will herald the end of the republic." -Benjamin Franklin
                  "A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury." -Alexander Fraser Tytler

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                  • #10
                    lol I honestly don't care either way. $85/bbl oil is the best medium price anyways. I just find it funny that if people care so much about a miniscule difference in gas price, maybe they should alter their lifestyles.

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                    • #11
                      I wouldn't call doubling or almost quadrupling a "minuscule" change.
                      sigpic

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                      • #12
                        Originally posted by Magnus View Post
                        I wouldn't call doubling or almost quadrupling a "minuscule" change.
                        This necessarily isn't but we've seen seen these threads for years. I'm talking about in general.

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                        • #13
                          Its took a big jump last night $0.20 I debated going and filling up because I figured it'd be back up to $2.50-$3.00 by the time I woke up.

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                          • #14
                            Originally posted by Trip McNeely View Post
                            Hopefully oil goes to $150/bbl now.
                            here here!
                            mardyn

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                            • #15
                              Take away Exploration costs, R&D costs, Extraction costs, Development costs, Refining Costs, Production Costs, TAXES both Federal and State (that's a big one), etc and they sold gas at .01/gal, oil companies would still be billionaires. Every single person in the world is connected to oil in some form or fashion. Do the math.

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