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Politics : Foreign Affairs Discussion Group

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To: Ichy Smith who wrote (198756)	8/23/2006 1:08:37 PM
From: Wharf Rat	Read Replies (1) of 281500

Not US oil; world oil. I'll make it easy... Russia oil production overtakes Saudi Arabia 1.00pm Wednesday August 23, 2006 By Andrew Osborn Russia is extracting more oil than Saudi Arabia, making it the biggest producer of "black gold" in the world, figures show. Message 22745378 "I assume that most media outlets that report the captioned story by the Moscow News would describe it as good news regarding Russian oil production. What the Moscow News is not reporting is that current Russian production is 2.8% below its December level. As I outlined in a recent article regarding net oil exports, "Net Oil Exports Revisited," Message 22745391

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