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Abu Dhabi bails out Dubai with $10 billion
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  1. #1
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Abu Dhabi bails out Dubai with $10 billion

    Abu Dhabi Supplies $10 Billion to Dubai - WSJ.com

    way to go Abu Dhabi !! i could use $1 billion over here
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    Re: Abu Dhabi bails out Dubai with $10 billion

    "It's cool, Dubai. We'll just jack up oil prices and make it back in a week"


  4. #3
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: Abu Dhabi bails out Dubai with $10 billion

    actually, i dont think the oil market is doing that swell right now
    they actually hurting, as far as i know
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    Re: Abu Dhabi bails out Dubai with $10 billion

    I was watching a doc on the gold trade in Dubai... WOW !
    those ports are worth every crooked penny.
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    SoCalEuro Member Cronus's Avatar
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    Re: Abu Dhabi bails out Dubai with $10 billion

    Quote Originally Posted by bugzy View Post
    actually, i dont think the oil market is doing that swell right now
    they actually hurting, as far as i know
    So then why is gas still almost $3 a gallon? I think they are doing pretty damned well for themselves.

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    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: Abu Dhabi bails out Dubai with $10 billion

    Quote Originally Posted by Cronus View Post
    So then why is gas still almost $3 a gallon? I think they are doing pretty damned well for themselves.
    I dont really know. But demand is down also. Didnt you see the news from last month from $59 billion debt from a Dubai bank, Dubai Debt Woes Raise Fear of Wider Problem - NYTimes.com

    They invested a lot of $$ into the Dubai area, but "boom has gone bust"

    Oil prices are on their way up also, as well as natural gas because of Exxon deal going on.

    Energy sector eyes more deals after XTO - MarketWatch
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    SoCalEuro Member mike's Avatar
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    Re: Abu Dhabi bails out Dubai with $10 billion

    We need to drill for our own oil. There is enough in Alaska, the gulf, CA coast and the west slope of the rockies to last almost 100 years WITH us being self reliant.
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  9. #8
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: Abu Dhabi bails out Dubai with $10 billion

    Quote Originally Posted by mike View Post
    We need to drill for our own oil. There is enough in Alaska, the gulf, CA coast and the west slope of the rockies to last almost 100 years WITH us being self reliant.
    but we wanna save those for when everywhere else is gone, so we can charge $100/gallon
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