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High oil prices not good for Saudi, US
WASHINGTON - Record crude oil prices above $70 per barrel are not in the interest of the world’s largest producer or its largest consumer, Saudi Arabia Oil Minister Ali al-Naimi said on Tuesday. “Prices at these levels are not in the interest of either Saudi Arabia or the US,” Naimi said in prepared remarks at a joint appearance with US Energy Secretary Sam Bodman at the Center for Strategic and International Studies.
"He's lying!"
"How can you tell?"
"His lips are moving. On the floor."
Naimi said that cutting reliance on foreign imports will not boost energy security as US President George W. Bush has asserted. “A popular misconception these days is that a country can decouple its domestic oil prices from international prices by lowering imports,” Naimi said.
Posted by: Steve White 2006-05-03
http://www.rantburg.com/poparticle.php?ID=150521