Saudi Arabia needs to increase oil production to lower gas prices
At a press conference following the vote on the Democratic proposal to stop filling the Strategic Petroleum Reserve, Sen. Charles Schumer (D-NY) says that Saudi Arabia is currently producing two million barrels of oil per day below its capacity. If it increased production by one million barrels, he said, prices would likely lower by 50 cents within a month or two. (0:36)
May 13, 2008
Categories
Latest Audio
- Despite Slower Job Loss, Millions Still Unemployed Says New York Democrat
- Boehner Opposes Democrats’ Healthcare Bill Despite Cost Benefits Says Hoyer
- Texas Republican Says Positive Reports About The Stumulus Are False
- Majority Leader Steny Hoyer Hopeful House Will Pass Health Care Bill Saturday Night
Happening Now - TRNS on Twitter
- @jackrice: I'm listening to the soundtrack of Kill Bill, Vol.1. Damn, this thing is great. -- 1 hour ago
- @jackrice: Real Men Do Cry! Great Photo! http://bit.ly/1Ib8s9 -- 3 hours ago
- @jackrice: I'm Appearing on MSNBC This Week! http://bit.ly/3FD2U9 -- 4 hours ago
- @jackrice: House Vote on Healthcare Reform Tonight! http://bit.ly/3W9vER -- 4 hours ago
- @jtamboli: Dingell points out that as soon as the Dems finish with their "motions," the Republicans will have a chance.. -- 6 hours ago
- @bobney: I BELIEVE THAT 218 VOTES WEAKENS THE HOUSE IN THE CONFERENCE COMMITTEE, JUST A BIT TOO CLOSE--POLITICO -POLITICO.com - http://shar.es/akHX9 -- 6 hours ago
- @bobney: CATHOLIC BISHOP'S HELP PELOSI -Bishops' backing may get bill to 218 - Patrick O'Connor - POLITICO.com - http://shar.es/akHX3 -- 6 hours ago
- @bobney: YouTube - Republican Whip Eric Cantor discusses health care on NBC's Today Show - http://shar.es/akH0c -- 6 hours ago
- @bobney: Prayers and Sympathy to the Families of the fallen and wounded at Ft. Hood -- 6 hours ago
- @bobney: Right to Life win in the health care bill-House Leadership bowed to pressure from anti-abortion Democrats- agreed to pro-life amendment -- 6 hours ago





