Saudi Arabia To Raise Oil Output In July
Will it change anything?
AFP
Saudi Arabia is to raise its oil production by 200,000 barrels in July in response to heightened demand, UN Secretary General Ban Ki-moon said Sunday after meeting with the country’s oil minister.
“The Saudis did increase production in June by 300,000 barrels. For the month of July, it will be an increase of 200,000 barrels in response to requests from customers,” Ban told reporters on board a plane from Jeddah to London, citing his talks with Saudi oil minister Ali al-Naimi.
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that means that their output will be up 500,000 bls.. where is it going???
June 15th, 2008 at 10:03 amWon’t do any good unless refinery capacity is increased.
June 15th, 2008 at 12:03 pmPutting a band aid on this will NOT SOLVE THIS PROBLEM! For 35 ga dam years I heard from the government how we will be independent from foreign oil and NOTHING AS HAPPEN! I can tell you this, both political parties are on notice that who ever is President have better fix this problem soon or their term in office will be short or possibly IMPEACH!
June 15th, 2008 at 1:39 pm