Saudi oil capacity depleted

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June 14, 2011 - 10:21pm
#1
Nephi
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Saudi oil capacity depleted

If this is the case get rdy...

http://www.reuters.com/article/2011/06/13/us-energy-summit-goldman-idUSTRE75C44V20110613

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June 14, 2011 - 11:17pm
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tmosley
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Should read "EXCESS

Should read "EXCESS capacity".  They are not out of oil.  Just unable to pump much more.  Price hikes are coming, but they probably won't be caused by supply constraints.

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