What Saudi's do when the price of Oil goes up!!

[Venom]

July 3 (Reuters) - Oil surged through $145 a barrel on Thursday, heightening expectation the $150 barrier could be breached later in the trading session.

A month ago investment bank Morgan Stanley, one of Wall Street's biggest energy traders, said crude might reach $150 by July 4 -- the U.S. Independence Day holiday -- because of robust Asian demand and falling inventories.

Following are comments from leading oil industry figures on the possibility of crude hitting $150.



SAUDI OIL MINISTER ALI AL-NAIMI:

Madrid, crude just over $145: Asked whether oil would hit $150: "If I knew that, I'd be in Las Vegas."


How about opening a casino in Riyad.....Hypocrites...

[CPL]

The Saudis are trying to blame the market speculators for the high prices, but either way, **** them both.

[coralie]

Originally Posted by Venom

July 3 (Reuters) - Oil surged through $145 a barrel on Thursday, heightening expectation the $150 barrier could be breached later in the trading session.

A month ago investment bank Morgan Stanley, one of Wall Street's biggest energy traders, said crude might reach $150 by July 4 -- the U.S. Independence Day holiday -- because of robust Asian demand and falling inventories.

Following are comments from leading oil industry figures on the possibility of crude hitting $150.



SAUDI OIL MINISTER ALI AL-NAIMI:

Madrid, crude just over $145: Asked whether oil would hit $150: "If I knew that, I'd be in Las Vegas."


How about opening a casino in Riyad.....Hypocrites...

this is the minister ! you should hear what the normal saoudi billionaires say .........