The United States Government has just asked the Kingdom of Saudi Arabia (KSA) to raise the levels of its oil production in summer 2012. Oil production is otherwise anticipated to be at some 9.8 mbd this summer, with fluctuations of around 200 kbd about that number. (There are rumors it has just hit 10 mbd.) It is reported that the KSA could raise production to 12.5 mbd if needed. Saudi Oil Minister Ali al-Naimi has now stated that the KSA is able to meet that commitment.”
Read the rest at The Oil Drum
Obama asks Saudi Arabia for more oil. And the answer?
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soheidre said:
Trying to calm the nerves of all these gas-addicts.
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climateadaptation posted this
