RIYADH, Saudi Arabia - Saudi Arabia’s leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices.
You have to wonder what exactly is this Saudi guy smoking. We’ve been saying we need a break in oil prices for quite some time now. Ever since it started getting into the $3.00 a gallon for regular. I guess this guy doesn’t watch TMZ or read the US news outlets. We need more production, now! The price of gas per barrel rose to $127.00 today. It eventually went down but still, that is a world record and it is going to climb until we figure out a way to be self-sustainable or get these Saudis and the rest of the ME to produce more oil! We need it, now! What “customers” is he talking about?
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