[news] NBC: Saudis Waging Oil War on Iran?

[Mostly Water - "Canadian" and International alternative news feed]

Falling fuel costs probably not a coincidence, oil traders say

By Robert Windrem | Jan 23, 2007

Oil traders and others believe that the Saudi decision to let the price of oil tumble has more to do with Iran than economics. Their belief has been reinforced in recent days as the Saudi oil minister has steadfastly refused calls for a special meeting of OPEC and announced that the nation is going to increase its production, which will send the price down even farther. Saudi Oil Minister Ibrahim al-Naimi even said during a recent trip to India that oil prices are headed in the "right direction."

Not for the Iranians.

  


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    [1]: http://mostlywater.org/node/16780

URL: http://mostlywater.org/node/16780