Saudis Signal Support for OPEC Cut
http://hosted.ap.org/dynamic/stories...10-19-09-53-09
DOHA, Qatar (AP) -- Saudi Arabia's oil minister said Thursday that his country supports OPEC's proposed 1 million barrels-a-day production cut. "We will try to make the market balanced," Ali Naimi said, ending two weeks of silence from the world's largest oil producing nation and giving a quick jolt to oil prices. Naimi's statement came as the cartel's oil ministers gathered in the capital of Qatar for emergency talks on cutting output after a price decline of more than 25 percent since mid-July. Light sweet crude for November delivery rose 70 cents to $58.35 a barrel in electronic trading on the New York Mercantile Exchange. |
Saudis must be running out of monay. It's hard providing for 300 kids and family.
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NUKE-EM.....
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Wait...I thought Bush was controlling oil prices and stuff...
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Hydrogen
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Cruise missiles on OPEC countries capitals.
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I would like to be the first to greet our newest, 51st state, Saudisrelia.
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National retail average for gasoline is $2.22 right now. That's going to go up, folks.
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But the elections have not happened yet!
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I'm sticking with my original projection that the National retail average will be in the $2.65/g range by mid Jan 07, and hover in that range for several months. |
This only confirms that we can not convert to E85 fast enough.
Screw the oil countries, we got corn. |
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