Saudi questions Bush oil plan
Minister says cuts could affect production plans
By DAVID IVANOVICH and LYNN J. COOKCopyright 2006 Houston Chronicle
Saudi Arabian Oil Minister Ali Naimi on Tuesday challenged President Bush's call to reduce the nation's dependence on Middle Eastern oil, warning that such talk could discourage further expansion of his country's production capacity.
Responding to the White House's push to replace 75 percent of the oil that steams here from the Middle East with alternative "homegrown" fuels like ethanol, Naimi said the Saudis will have to keep Bush's message in mind when considering whether to boost their production capacity beyond an already-planned expansion
( For the complete story, Click here )
By DAVID IVANOVICH and LYNN J. COOKCopyright 2006 Houston Chronicle
Saudi Arabian Oil Minister Ali Naimi on Tuesday challenged President Bush's call to reduce the nation's dependence on Middle Eastern oil, warning that such talk could discourage further expansion of his country's production capacity.
Responding to the White House's push to replace 75 percent of the oil that steams here from the Middle East with alternative "homegrown" fuels like ethanol, Naimi said the Saudis will have to keep Bush's message in mind when considering whether to boost their production capacity beyond an already-planned expansion
( For the complete story, Click here )
posted by Oil Shock at 9:12 AM
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