Saudi Arabia has outlined a plan to increase oil production capacity to 12.5 million barrels per day (mbpd) by 2009 from the current 11 million limit.
Saudi Arabia now pumps about 9.5 million barrels daily. If necessary, Saudi Arabia says it will eventually develop a capacity of 15mbpd.[...]
Subhi Ghandur, director of the Arab al-Hiwar (Dialogue) Centre in Washington, told Aljazeera: "Some, not all, Americans know that only 10% of US oil imports come from Saudi Arabia while the rest comes from other countries, mostly non-Arab.
"Any increase in Saudi oil production will not change oil prices in the United States a great deal.
"It [the issue] is nothing but media and political propaganda serving the US administration's special interests," he added.[...]
Ghandur added: "I believe the US administration seeks a number of objectives, bigger than oil issues, such as attempting to move the Middle East into a new situation where a kind of US-sponsored security [mechanism] is achieved and where political views change according to US standards."
Bush strolling Saudi prince at Casa Fabricata
Ooops, look out fer the cow pies. Lots of b.s. out here in Texas.
Update 11:00 am: Apparently this wasn't even anything new...
The Saudis presented a plan to increase oil production over the next decade in what the Wall Street Journal described as a “recap of plans the Saudis already had announced.”
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