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Oil Prices vs. Power of Personality

Posted on June 08, 2008

Dateline June 5th 2008:Shura member calls for oil production curbs in Saudi Arabia.SaudiArabia's Shura council (parliament) will hold a series of meetings overthe next two weeks to discuss a controversial proposal by a key memberto curb oil production to save reserves for better prices, Saudi mediareported. The council will listen to a report by deputy chairman of theShura water and public utilities committee, Salim bin Rashid Al Marri,who will argue for cutting crude supplies to maintain the Kingdom'sunderground reserves. Marri will seek to persuade councilmembers that the oil production must...

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bernanke , crude , markets , sap