Tuesday, May 27, 2008

We have gone mad, Your Majesty, and only you can cure our affliction

An open letter to the leader of Opec's biggest oil producer, the one man who can force Britain to cut its carbon emissions

By George Monbiot
The Guardian, Tuesday May 27 2008

"King Abdaullah of Saudi Arabia

Your Majesty,

In common with the leaders of most western nations, our prime minister is urging you to increase your production of oil. I am writing to ask you to ignore him. Like the other leaders he is delusional, and is no longer competent to make his own decisions.

You and I know that there are several reasons for the high price of oil......

You say that you are saving your oil for the benefit of future generations. If this is true, it is a rational economic decision: oil in the ground looks like a better investment than money in the bank. But, reluctant as I am to question your Majesty's word, I must remind you that some oil analysts are now wondering whether this prudence is a convenient fiction. Are you restricting supply because you want to conserve stocks and keep the price high, or are you unable to raise production because your fabled spare capacity does not in fact exist?.......

Your Majesty, I recognise that this is not among your usual duties as the ruler of Saudi Arabia. But I respectfully beg you to save us from ourselves.

Yours Sincerely,

George Monbiot"

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