Tag archive for ‘Production Targets’
FT: US begins to break foreign oil ‘addiction’
London, UK (FT.com): The US is starting to break its “addiction” to foreign oil as high prices, more efficient cars, and the use of ethanol significantly cut the share of its oil imports for the first time since 1977.
The country’s foreign oil dependency is expected to fall from 60 per cent to 50 per cent [...]
Saudi Arabia rejects Bush’s request for increased oil output
Riyad, Saudi Arabia (Washingtonpost.com): Saudi Arabia Friday rejected the idea of increasing oil production to help ease soaring gasoline prices, telling President Bush that the kingdom already is meeting its customers’ demand for crude.
The apparent rebuff came as Bush appealed to Saudi King Abdullah to use his country’s vast oil reserves — the world’s [...]
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