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directfiesta · 09-22-2005, 04:35 PM

Saudi envoy tells AP oil should drop $20

Saudi Arabia's foreign minister said Thursday, pointing to limited U.S. refining capacity as a reason for soaring gasoline prices.
...

The Saudis frequently have blamed America's high energy prices on a lack of refineries but have not explained why such a shortage would keep crude prices high if there was oil that couldn't find a refinery.

Asked about that, Saud said, "I wouldn't be surprised if soon you will see the product (gasoline) prices going up and oil prices going down ... because of the lack of refineries."

http://www.ledger-enquirer.com/mld/l...s/12715924.htm

09-22-2005, 04:35 PM
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Punta Cana, DR Posts: 29,917	Saudi envoy tells AP oil should drop $20 Saudi Arabia's foreign minister said Thursday, pointing to limited U.S. refining capacity as a reason for soaring gasoline prices. ... The Saudis frequently have blamed America's high energy prices on a lack of refineries but have not explained why such a shortage would keep crude prices high if there was oil that couldn't find a refinery. Asked about that, Saud said, "I wouldn't be surprised if soon you will see the product (gasoline) prices going up and oil prices going down ... because of the lack of refineries." http://www.ledger-enquirer.com/mld/l...s/12715924.htm __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....