Giant oil field to raise Saudi output - largest oil field development yet

Discussion in 'Politics, Religion, Social Issues' started by edesignuk, Jul 11, 2008.

  1. edesignuk Moderator emeritus

    edesignuk

    Joined:
    Mar 25, 2002
    Location:
    London, England
    #1
    BBC.

    er...good? Do you think it will help much with anything?
     
  2. scotthayes macrumors 68000

    scotthayes

    Joined:
    Jun 6, 2007
    Location:
    Birmingham, England
    #2
    Will help all the brokers who are driving the price of oil up.
     
  3. blackfox macrumors 65816

    blackfox

    Joined:
    Feb 18, 2003
    Location:
    PDX
    #3
    Two points:

    If this is the oilfield I read about- it's capacity is highly speculative - although the Saudis have invested a lot - I remain cautiously optimistic on it's output potemtial.

    If true, this is a good sign for gas prices, as the saudis seem to recognize the utility of moderate gas prices.

    still, it is but a postponement of the inevitable...
     

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