Monday, June 16, 2008

Saudi Oil Production

And in a big "Fuck You" to George Bush ...
RIYADH, Saudi Arabia (AP) -- Saudi Arabia plans to increase its oil production by 200,000 barrels a day next month, the kingdom's oil minister told U.N. chief Ban Ki-moon on Sunday, according to Ban's spokesman.

The U.N. secretary-general met with Oil Minister Ali al-Naimi in the port city of Jiddah during a one-day trip to the world's largest oil producer.


Recall, just a month ago ...
It is the second time in four months that Saudi officials rejected the president's request to boost overall oil production to drive down U.S. gasoline prices.

Saudi Oil Minister Ali al-Naimi says the kingdom did boost output by 300,000 barrels a day last week, but only to make up for declining production from Venezuela and Mexico.

With friends like that ...

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