UN Chief: Saudi to Boost Oil ProductionHey! This dude's all right! It looks like someone is maybe going to do something to help out with this high gas price bullshit.
RIYADH, Saudi Arabia — 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.
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"The king believes that the current oil prices are abnormally high, and he is ready to restore prices to their appropriate levels," SPA quoted Ban as telling reporters in Jiddah. The report carried by SPA was in Arabic, and it did not say what language Ban spoke in.Damn tootin' prices are too high. And as you already know, high gas prices mean higher prices for everything else. What a nice guy!
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Saudi Arabia is concerned that sustained high oil prices will eventually slacken the world's appetite for oil, affecting the kingdom in the long run.Ah, there's the rub. We quit using oil, he goes broke. Too bad they can't grow corn over there, eh?
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via GUYK
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