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Thursday, May 11, 2006

Enriching Terrorist States

The Saudi oil minister has said he expects oil prices, just off record highs, to hold steady for years.
Ali al-Naimi also said global refining capacity will remain a concern for the next four years, and called on consuming and producing nations to lift obstacles facing the industry.

"I believe oil prices during this decade will hold steady," al-Naimi said on Tuesday, but did not give a price range and said price movements are hard to predict.

"As for the kingdom's production, we are willing to increase it if there is a need and the new additions to production will be of light crude."

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