This entry was posted on Monday, June 23rd, 2008 at 10:20 am and is filed under Gas Prices, In the News, bulk oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Oil Production to Increase
, 06 23rd, 2008
This weekend, it was announced that Saudi Arabia will increase oil output by an additional 200,000 barrels. This will make the daily total of bulk oil 9.7 barrels. The news caused a slight decrease in gas prices, though most analysts are saying that this will not cause a dramatic change in prices.
Despite this output, the White House is still championing an increase in U.S. supplies via off-shore drilling.
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