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Sunday, 07/02/2006 2:20:10 PM

Sunday, July 02, 2006 2:20:10 PM

Post# of 4246
"Saudi Official Maintains There's Plenty of Oil.
'There are enough supplies today to meet world demand. In fact, there is an excess supply. For the last two or three years, we've been trying to sell some of our oil on the market, without any customers.'
'Claiming that geopolitical instability is the cause of higher oil prices, Saudi Arabia's ambassador to the United States, Turki al-Faisal disputed assertions that economic and business decisions have driven prices upwards'"

From the Quick Quotes section of the June 12, 2006 issue of The New American

"When in doubt, empty the clip."

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