Chutzpah Watch


Via Dan Drezner, I see that the Saudis have an intriguing proposal:

Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to combat global warming, they should pay compensation to oil producers.

That’s obviously not too likely to happen, but someone help me out here.  My recollection is that one of the roadblocks to raising gasoline taxes back in the Carter/Reagan era was Saudi opposition.  They figured it would reduce oil consumption and therefore reduce both oil prices and oil revenue.  So this is basically the same position they’ve held for 30 years or so.

Is this true?  My memory is vague on this.  But I could swear that this is more of the same old same old, just updated for the 21st century.

Fact:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn’t fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation so we can keep on doing the type of journalism that 2018 demands.

Donate Now