World Clock

Friday, 25 February 2011

Judge us by our Actions not our Words - The Voice of Saudi Arabia

It would appear that Saudi Arabia has made good on its promise to increase it oil output. 

The figures also appear to add up. Libya prior to the crisis produced approximately 1.2m barrels a day, however as a result of the crisis oil production has plummeted 70%. 

As a result Saudi Arabia has agreed to increase its oil production by 700,000 barrels per day which would make up for the 70% decline in production in Libya.

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