Saudi Minister: Oil Could Spike to $300 a Barrel

~ The Rebel ~ 2011/04/10 18:54:02

Former Saudi oil minister Sheikh Zaki Yamani says oil prices could soar to at least $200 or even to $300 a barrel if Saudi Arabia suffers serious political unrest.

Following protests last month calling for political reforms in the kingdom, Yamani told Reuters that underlying discontent remains unresolved.

“If something happens in Saudi Arabia, [oil] will go to $200 to $300,” he declared. “I don’t expect this for the time being, but who would have expected Tunisia?

“I think there are some surprises on the horizon.”

Yamani, who was responsible for Saudi oil policy from 1962 to 1986, spoke at a London conference of the Centre for Global Energy Studies, which he chairs.

In March, King Abdullah offered $93 billion in handouts to Saudis in an effort to avert the domestic turmoil seen in much of the Arab world.

Read More: http://news.newsmax.com/?Z6CDYNeFXrFE9ZMOFwHRVnE-6...

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  • keeper 2011/04/10 23:46:12
    At $200 a brl... American drillers will get the go ahead to drill on our soil!
  • Demonic Rat Hunter 2011/04/10 19:01:07 (edited)
    Demonic Rat Hunter
    Got that right Rebel, but expect to hear obozo and crew say NO.
    And rest assured Soros has his hands in the Saudi unrest and NO drilling in the USA.
  • Dave POTL-PWCM-JLA 2011/04/10 18:59:45
    And obama would do nothing about it, as he wants American prosperity to fall to the same levels of his birth place/country Kenya.
  • ~ The Rebel ~ 2011/04/10 18:54:36
    ~ The Rebel ~
    Stop all the bullchit and DRILL HERE - DRILL NOW!!!

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2016/02/12 03:41:39

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