Saudi Oil Minister Ali Naimi told reporters in Riyadh that the increase, which went into effect last Saturday, is intended to make up for recent output losses from other U.S. suppliers, including Nigeria, Venezuela and Mexico. It would lift the kingdom's output to a total of 9.45 million barrels a day by June.
"Any demand for extra production capacity from consumers will be immediately met," he said.
1 posted on
05/17/2008 7:12:14 AM PDT by
kellynla
To: thackney
2 posted on
05/17/2008 7:12:41 AM PDT by
kellynla
(Freedom of speech makes it easier to spot the idiots! Semper Fi!)
To: kellynla
A small drop in a large ocean of oil.
But, every little bit helps.
3 posted on
05/17/2008 7:24:30 AM PDT by
clee1
(We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
To: kellynla
Someone help me out here: weren’t the headlines yesterday or the day before reading, “Saudis blow off Bush,” or something like that?
5 posted on
05/17/2008 7:26:00 AM PDT by
1rudeboy
To: kellynla
Nice scam. Keep production down while prices climb to the limit. Then sell at that high price because oil never goes down sharply.
They got us just in that sweet spot. Prices high enough to hurt, but too low for alternatives to get us independent. OPEC is getting smarter.
6 posted on
05/17/2008 7:35:57 AM PDT by
varyouga
("Rove is some mysterious God of politics & mind control" - DU 10-24-06)
To: All
"It's not enough. It's something but it doesn't solve our problem," Bush said. "One of the interesting things about American politics is, those who are screaming the loudest for increased production from Saudi Arabia are the very same people who are the fighting the fiercest against domestic exploration, against the development of nuclear power and against expanding refining capacity."
8 posted on
05/17/2008 7:53:28 AM PDT by
kellynla
(Freedom of speech makes it easier to spot the idiots! Semper Fi!)
To: kellynla
Why does the West permit Arabs to control the oil supply? It really puzzles me every time I see these fat slobs in their robes. It wasn’t always so. They are defenseless. What is the rationale for our willful surrender? It is a strange world.
9 posted on
05/17/2008 8:00:45 AM PDT by
montag813
To: kellynla
This was a win/win for the Saudis. They sell more oil at the still increasing prices, so they make more money. They also appear to be working with us. Yet, at the same time, they are doing nothing that will adversely affect their OPEC friends.
To: All
Okay, am I the only one who has a problem with this picture?
Wassup with Bush
"holding hands" with this guy??
14 posted on
05/17/2008 10:31:39 AM PDT by
kellynla
(Freedom of speech makes it easier to spot the idiots! Semper Fi!)
To: kellynla
The Iranians are having a kitten, so something good’s come outta this...
16 posted on
05/17/2008 10:52:47 AM PDT by
mewzilla
(In politics the middle way is none at all. John Adams)
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