Oil Output to Increase

[Paully_44]

World's largest oil producer expected to to increase output by 200,000 barrels a day through July

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.

Ya think?

Regular is $4.45 today and I know my driving habits have changed

I dont think though, that an increase in 200k barrels is really going to bring prices down.

[RamboPreacher]

is on the way

[MacUser]

$5.00 doesn't look so bad now. Thanks Rambo!

[RamboPreacher]

$5.00 doesn't look so bad now. Thanks Rambo!

hehehehe - yup - POV. you have traffic streets and careless drivers. we don't.

[rjjunior]

World's largest oil producer expected to to increase output by 200,000 barrels a day through July

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.

Ya think?

Regular is $4.45 today and I know my driving habits have changed

I dont think though, that an increase in 200k barrels is really going to bring prices down.

America currently consumes 20 million barrels a day. It's 1 percent. Maybe we'll save 4 cents a gallon

[Full Quiver]

My bet is that the increase will not cause a price decrease.