Open thoughts of Golf Cam Smith
1 7 mins 10 mths

Next time you are watching LIV Golf and celebrating the millions of dollars players like Cam Smith are revelling in just remember you are paying for it. The high prices at the petrol pumps are being pumped up by OPEC, the cartel responsible for oil prices globally. LIV Golf is funded by the Saudi petroleum fund, which is at the heart of OPEC. They have lowered production to keep oil prices high to fleece more money from you and me. LIV Golf bankers keeping fuel prices high, and we are paying for it.

stack of different currency with photo of men and buildings
Photo by Karolina Grabowska on Pexels.com

Saudi Oil, OPEC & High Fuel Prices Paying LIV Golfers

The number of golfers I meet with their heads in the sand around LIV Golf and what it means for the game amazes me. Everything is connected in this world. Where the money comes from matters, it is not just pulled out of a magic hat. OPEC is supporting the Russians via their production settings designed to accrue more money from oil sales globally. The deal done between the PGA Tour and the Saudi petroleum fund is an uncomfortable fit. The PGA Tour is a non-profit entity, and the Saudi bank is not. Associating golf with these questionable chaps and their oil money is not great for the game, in my view.

Next time you are watching LIV Golf and celebrating the millions of dollars players like Cam Smith are revelling in just remember you are paying for it.

The LIV golf controversy

LIV Golfers Costing Us At The Petrol Pump

Who pays your wages matters. Golfers cannot turn away from uncomfortable truths re- who is paying the piper. If the Saudis have bought elite men’s golf where does that leave the game of golf?

Personally, I don’t want to have the game I love associated with murderers and those making inflation worse around the world. Ordinary golfers can vote with their feet and eyeballs. Consumer action can take the form of not watching LIV Golf for a start. Kill the golden goose before it lays any eggs.

“Surging fuel prices are igniting fresh inflation fears, as production cuts by the global oil cartel heap yet more pain on consumers. 

Economists say much of the increase has been driven by a group of major oil-producing countries that have deliberately cut back on output to generate higher prices.”

businessmen having a toast
Photo by RDNE Stock project on Pexels.com

Celebrating Top Golf

I can sort of understand that fellow golfers reckon it is a good thing that top golfers are paid a motza for playing golf. However, that money must come from somewhere and right now it is coming out of our wallets at the petrol pump. Personally, I would prefer if Cam Smith earned a little less and LIV Golf went the way of the Dodo. I do not support the Saudi Petroleum fund taking over golf.

Saudi backed golf

Senate Investigating Proposed Merger

WASHINGTON — Bipartisan members of a Senate subcommittee on homeland security demanded transparency Wednesday from a Saudi Arabian investment fund at its second hearing on the controversial deal to merge PGA Tour and Saudi-backed LIV Golf.

“Saudi Arabia’s bid to buy professional golf in America is not just one investment in a vacuum,” Sen. Richard Blumenthal, D-Conn., chairman of the Permanent Subcommittee on Investigations, said on Capitol Hill. “It is instead part of a web of growing investments in this country. They are largely unknown and they are almost entirely without oversight.”

Blumenthal announced that he had issued a subpoena on Wednesday to USSA International LLC, the PIF’s wholly-owned U.S. subsidiary, for documents related to the PGA Tour-LIV Golf deal and other U.S. investments.

Blumenthal and witnesses at the hearing accused Saudi Arabia of mirroring other authoritarian regimes like China and Russia by exploiting loopholes in certain investment platforms to spread their influence and exert soft power within the United States.

“At its core, then, this is not a business deal,” said Benjamin Freeman, director of the Democratizing Foreign Policy Program at the Quincy Institute for Responsible Statecraft, of the PGA-LIV deal. “This is an influence operation. It’s meant to shape U.S. public opinion and U.S. foreign policy.”

According to Joey Shea, a Saudi Arabia and United Arab Emirates expert at the nonprofit Human Rights Watch who testified Wednesday, the PIF “has been ranked as amongst the least transparent, least accountable and with the least credible governance structures in the world.”

PIF and LIV didn’t immediately respond to a request for comment. A PGA Tour representative declined to comment.

I understand that many golfers want to fantasise about a world where only golf exists. I share that inclination when I am walking the fairways on Bribie Island golf course and playing golf. Shutting out the complexities of the real world and loving being in the moment just golfing is my biggest joy. However, you cannot extend that naïve reverie to professional golf at the pointy end. Here we are talking about real money that comes from somewhere and impacts a lot of things. Unfortunately, you cannot isolate the millions of dollars in prize money and sponsorship from their source. Why do you think that the Saudi’s want to buy up all these high profile sports? Sportswashing has a purpose.

Robert Sudha Hamilton is the author The Stoic Golfer: Finding Inner Peace & Focus on the Fairway. ©GolfDom

One thought on “LIV Golf Bankers Keeping Fuel Prices High

Comments are closed.