Saudis willing to increase crude output

Monday 23rd June, 06:15 AM JST

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

3 Comments

adaydream at 12:49 PM JST - 23rd June

So the Saudis pump more oil, are the speculators going to be ruled in or are they going to be able to continue their inflated investing that eats the hell out of my wallet?

It's going to take both actions. Not just more oil. < :-)
DXXJP at 03:44 PM JST - 23rd June

Facing strong U.S. pressure and global dismay over oil prices

Since when do the Saudis need to bow to US presure. I think its more like in the interest of world consumers. If Saudi turned off the tap who is going to suffer the most. By the way Saudi is a large US goods consumer. Where do you think all them SUV's are being sold. Granted Toyota is the number 1 selling brand but GM is definitely second.

And yet not one day later and prices are still going up even on output increases. So you cant blame Saudi for shorting the market. Here's a novel Idea why not use some of that oil in Iraq, how about using the billions Iraq has in oil profits to pay for their own reconstruction, Oh and why not stop calling every oil producing nation an axis of evil. That might just increase the flow.
Sarge at 04:12 PM JST - 23rd June
"supply is not the problem"

It's true that the Saudis are pumping a load of oil out of there on a daily basis. Perhaps the problem is the Chinese and the Indians with their recent thirst for oil. But then if they weren't gobbling up so much oil, they wouldn't be able to make all this stuff we buy from them...

"Hey, there are now plans to bring back Mad Max - remember that movie where people were killing each other over a few gallons of gas? Well, it's coming back. Not as a movie though, this time it will be a reality show."
- Jay Leno