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Saudi Arabia To Pause Adding Oil Capacity After 2009
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Re: Saudi Arabia To Pause Adding Oil Capacity After 2009
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HvyOilGuy
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Apr 21 08 3:30 PM
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It looks like 2007-2009 will frame "peak exports" for both food and oil, with other commodities not following far behind. Those with the goods will be pressured to preserve them either for immediate internal consumption, in the case of food, or for future internal consuption (for the children) as is the case with oil.
Who can seriously argue that they are wrong to do this?
Sounds like a job for "Economic Hit Men"-- but this time, "on steroids".
HOG
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Oil Is Not Well
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Saudi Arabia To Pause Adding Oil Capacity After 2009
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