Foil Part News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's important to understand that saudi arabia did not announce they're going to be producing more oil and solving the gasoline problem. they look at the market closely and provide what the world needs. if that's what they always say. saudi arabia doesn't have unlimited production capacity. they could probably according to most analysts maybe get to 11 million, that doesn't solve the problem. america alone can produce more itself. that's just the dash and not just the oil part. you've got the administration that says we don't want any more fossil fuels will just invest in an industry that the ...

23 years of oil analysis, i own companies, i did business in the oil industry. they are making more money this very second than they've ever have in 23 years. >> greta: if the united states were to drill more oil the prices would come down. what is not going to happen overnight even if there is a decision to do that. what is going to short term, bring those prices down, if anything? >> one would be drilling. if we had this discussion 2 1/2 years ago the last time oil spiked we wíy9(q seeing those barrels now. when george bush lifted the moratorium on offshore drilling prices for the barrel we...

23 years of oil analysis, i own companies, i did business in the oil industry. they are making more money this very second than they've ever have in 23 years. >> greta: if the united states were to drill more oil the prices would come down. what is not going to happen overnight even if there is a decision to do that. what is going to short term, bring those prices down, if anything? >> one would be drilling. if we had this discussion 2 1/2 years ago the last time oil spiked we wíy9(q seeing those barrels now. when george bush lifted the moratorium on offshore drilling prices for the barrel we...

Latest updates on this topic from reliable sources.