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![]() A month ago, I observed that President Dumbya was prostrating hisself to get the Saudis to open the oil spigots wider. Scottie Witlessmongrel, Economics Eckthpurt, advised me that Bushie was wrong, wrong, wrong: Saudis can't increase delivery of anything but heavy sour oil. There is no available refining capacity for that grade. So what would be the point? http://groups.google.com/group/rec.audio.opinion/msg/ea93eb3e4216017a?hl=en Farsighted Scottie knew the Prez was headin' in the wrong di-reck-shun and made no bones 'bout tellin' us so. But wait -- what happened today? The NYTimes tells us this astonishing story: Plan Would Lift Saudi Oil Output to Highest Ever Saudi Arabia, the world’s biggest oil exporter, is planning to increase its output next month by about a half-million barrels a day, according to analysts and oil traders who have been briefed by Saudi officials http://www.nytimes.com/2008/06/14/business/14oil.html?hp I wonder why Dumbya kept after the Saudis instead of listening to Wise Scottie Terrierdork. Can somebody who knows this field explain this shocking development? |
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