Source:
http://www.breitbar t.com/article. php?id=080701112 646.vg97wut2& show_article= 1
Saudi king urges consumers to get used to high oil prices
Jul 1 07:26 AM US/Eastern
King Abdullah of Saudi Arabia, whose nation is the world's number one
oil exporter, called on consumer countries to get used to high prices in
comments published on Tuesday.
"Consumer countries have to adapt to the prices and the mechanisms of
the market," the king said in an interview published by the Kuwaiti
daily Al-Siyassah.
"We have nothing to do with the current sharp increase in crude prices,"
he said reiterating the Saudi position that speculation, rising demand
and the taxation of oil products in consumer countries were to blame.
"These countries must reduce their taxes on fuel.. if they want to
contribute to easing the burden on ordinary consumers," he said.
http://www.breitbar t.com/article. php?id=080701112 646.vg97wut2& show_article= 1
Saudi king urges consumers to get used to high oil prices
Jul 1 07:26 AM US/Eastern
King Abdullah of Saudi Arabia, whose nation is the world's number one
oil exporter, called on consumer countries to get used to high prices in
comments published on Tuesday.
"Consumer countries have to adapt to the prices and the mechanisms of
the market," the king said in an interview published by the Kuwaiti
daily Al-Siyassah.
"We have nothing to do with the current sharp increase in crude prices,"
he said reiterating the Saudi position that speculation, rising demand
and the taxation of oil products in consumer countries were to blame.
"These countries must reduce their taxes on fuel.. if they want to
contribute to easing the burden on ordinary consumers," he said.