Political Quotes

“that is the president of OPEC. The article further states: Speaking to reporters on his arrival in Venezuela after a tour of OPEC countries, the Venezuelan energy and mines minister said the mechanism to trigger an increase in production depended on the OPEC oil basket price staying above $28 a barrel for 20 consecutive days. Our Secretary of Energy made a deal when he was over there several months ago and petitioned the Saudis for greater production. That was at the time we were first beginning to feel the price escalation. He did generate a commitment for another 500,000 barrels of oil. However, the American public and the American press made the assumption we were going to get all that increased production. We only got 16 percent. That is our allocation in this country. Mr. President, 16 percent of 500,000 barrels is not enough to fuel Washington, DC, in 1 day. It is a drop in the bucket. Other areas of the world are recovering, including Asia, Japan, and they are increasing in their demand for oil.”