When asked about whether Saudi Arabia could make up for Iran’s exports of 2.2 million barrels a day, al-Naimi said the country has a spare capacity “to respond to emergencies worldwide, to respond to our customer demand, and that is really the focus. Our focus is not on who drops out from production, but who wants more.”
Its becoming increasingly crowded in this oil cafe, I think its about time to find an alternate source of energy. The oil prices should be lower from this quote alone because of speculators. Just remember the ones that drive up the price at the pump are not the oil barons but the wall street speculators.